News by Ahmad Naqib Idris

Bandar Malaysia Sdn Bhd chairman Tan Sri Dr Mohd Irwan Serigar Abdullah said some parties have already requested further details.

HBA says country could face a housing crisis.

Gamuda Bhd's net profit grew 11% to RM170.93 million in its third quarter ended April 30, 2017, from RM152.69 million a year earlier, driven by higher progress of works on the MRT2 project.

Yeoh, who has been instrumental in securing jobs from China Railway Construction Corp Ltd, was first appointed as joint CEO of Vivocom in November 2015, together with Anne Kung Soo Ching at the time. Kung has since retired in May 2016.

Malaysian Resources Corp Bhd (MRCB) said its major shareholders Employees Provident Fund (EPF) and Gapurna Sdn Bhd (GSB) will avoid triggering any mandatory general offer (MGO) while they apply for excess rights shares and warrants under the group’s cash call exercise.

Bandar Malaysia Sdn Bhd chairman Tan Sri Dr Mohd Irwan Serigar Abdullah said the request for proposal (RFP) for the RM12.35 billion Bandar Malaysia project will be issued sometime this week, adding there have been many parties indicating interest in the development.

Managing director Chung Soo Kiong said the group is on track to deliver higher revenue in the year ending Dec 31, 2107 (FY17), compared with FY16's revenue of RM1.79 billion. Net profit for FY16 stood at RM123.52 million.

Reserve price of the MPCorp asset is set at RM255 mil, says source.

Pasukhas Group Bhd has teamed up with Yayasan Veteran Angkatan Tentera Malaysia to jointly develop a 1.27-acre piece of state leasehold land here into a commercial development, comprising office towers.

Anzo Holdings Bhd said its wholly-owned subsidiary Harvest Court Properties Sdn Bhd (HCP) has entered into a collaboration agreement with DVM Innovate Sdn Bhd, a wholly-owned unit of Key Alliance Group Bhd, for the development of a proposed e-commerce fulfilment hub.