Notably, it saw improved revenue and profit recognition in the year-to-date (YTD) period from the property and construction division from on-going development projects, namely Hill Park Shah Alam, Pelangi Heights, Kajang East, MKH Avenue, MKH Boulevard, SAville @ Kajang, Pelangi Semenyih, Saville @ Cheras and HillPark 3.
UEM Sunrise Berhad and Telekom Malaysia Bhd (TM) will jointly undertake a high-rise mixed development project on the telecommunications giant’s Bukit Mahkamah land, along Jalan Raja Chulan in the city centre.
Datuk Seri Tham Ka Hon, managing director (MD) and substantial shareholder of Eastern & Oriental Bhd (E&O) with an 11.05% stake, has been redesignated as executive deputy chairman effective July 1.
UOA Development Bhd saw its net profit rise 22.4% to RM96.08 million or 6.32 sen per share for the first quarter ended March (1QFY16), from RM313.7 million or 5.48 sen per share a year ago, on the progressive recognition of its ongoing development projects.
With the latest win, the group has secured RM596.61 million of works year-to-date (YTD), and is approaching its internal target to secure an order book of RM600 million this year, said Kerjaya Prospek executive chairman Datuk Tee Eng Ho.
Property company LBS Bina Group Bhd's unconditional mandatory takeover offer of ML Global Bhd at 56 sen per share and six sen per warrants was deemed as not fair and not reasonable by independent adviser MainStreet Advisers Sdn Bhd.
The conglomerate announced to Bursa Malaysia yesterday that together with the minority shareholders, DRB-Hicom has aborted the sale of the Singapore-based property investment firm Corwin Holding Pte Ltd to Evolutyon Real Estate Investment Holding Pte Ltd.