News by Emir Zainul

The revenue fall was due to the property development division’s weaker contribution as it had not launched any new projects because of weak sentiments.

Mah Sing has reported an asset turnover ratio of 49% on average for the past five years.

The award is evaluated based on the company's compound profit before tax growth for a period of three years, whereby S P Setia did not pose any losses throughout the period.

Hong Leong said S P Setia sold RM2.1 billion worth of properties during the first half ended June 30, 2017 (1HFY17). 

Changes in design, inflation, fluctuation in exchange rate also play a role — S P Setia

The appointment is with immediate effect, according to Sunway's announcement on Bursa Malaysia today.

This follows the completion of the takeover offer undertaken by the joint offerors — Singapore-listed Wing Tai Holdings Ltd and its wholly-owned unit Wing Tai Investment & Development Pte Ltd.

The proposed sale involves eight development lots and 26 house lots with a total land area of 24.26 acres.

Karambunai said in the Bursa filing that it has started the process of addressing the material uncertainty, whereby the financial performance of Nexus Resort & Spa Karambunai, the group's principal operating unit, has started showing positive results and generating positive operating cash flow.

Currently, WMG has a total undeveloped land bank of approximately 620 acres, of which 442 acres are in Sandakan and the remaining 178 acres are in Kota Kinabalu.