News by Adam Aziz

The proposal in 2014 to buy the freehold plot from Genting Property Sdn Bhd for RM34.85 million was for the development of a shopping centre, AEON said in a filing today.

Kerjaya Prospek Group Bhd has bagged a contract worth RM31.6 million to develop 32 three-storey terrace houses in Penang, the company announced today.

Will the central bank consider raising OPR when real interest rates continue to fall?

The property developer said it is buying the freehold plots from two Singaporeans, Wellington Tan and Shenton Tan Seng Koon, to develop 400 mixed-residential units comprising bungalows, semi-Ds and terrace houses.

It attributes the improved earnings to higher profit contributions from its property development and investment business, higher sales volume of certain car models from HR Owen and better earnings from its hotels and resorts business.

Gabungan AQRS Bhd rose 2.27% this morning after the company announced its plan to dispose of a 5.15-acre piece of land in Petaling, Selangor for RM34.7 million.

Hong Kong-listed Country Garden Holdings Co Ltd has closed all sales centres in China for its Forest City housing project in Johor, according to a South China Morning Post report yesterday.

Iskandar Waterfront City Bhd (IWC) announced a proposed merger with its major shareholder Iskandar Waterfront Holdings Bhd (IWH) through a one-for-one share swap exercise in which IWH would take over the listing status upon completion.

 KKB Engineering Bhd has bagged two contracts worth RM100.7 million, which will help boost its earnings for the financial year ending Dec 31, 2018 (FY18).

"The board expects the property development segment to continue to contribute positively to the group's performance in the coming financial year."