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News by JUSTIN LIM

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TA Enterprise suffers loss in 3Q on lower earnings from property development, investment holdings

21 November, 2019

Quarterly revenue decreased by 65.18% to RM239.63 million from RM688.12 million last year, the group said in a filing with Bursa Malaysia.

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news

Oriental Interest buys RM46.78m Selangor land to complement Sepang development

21 November, 2019

The 4.7ha plot (505,688.51 sq ft) is being acquired at the price of RM92.50 per square foot, OIB said in a stock exchange filing yesterday.

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news

KLK 4Q net profit up 37%, lifted by manufacturing segment

20 November, 2019

KLK said its manufacturing segment, which includes the oleochemical division, saw profit more than doubling to RM95.3 million from RM43.7 million, despite a drop in revenue to RM2.05 billion from RM2.44 billion, due to declining prices.

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news

Widad's subsidiary sued by KNM units over solid waste station contract

19 November, 2019

KMK Power Sdn Bhd and KMK Green Ventures Sdn Bhd, both subsidiaries of KNM Group Bhd, filed the suit against Widad Builders Sdn Bhd (WBSB) and BSI on Nov 6, Widad said in a filing with Bursa Malaysia. 

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Ikhmas Jaya sued for RM13.33m over alleged breach of agreement in serviced apartment project

16 November, 2019

ASM Development also accuses IJSB of delaying completion of the works, and also claims the undertaken works were defective.

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news

Property firm sues SunCon, Prasarana, claiming LRT3 works have encroached into its project site

16 November, 2019

PNSB Acmar Sdn Bhd, a unit of Bandar Baru Klang township developer Acmar Group, named Prasarana and SunCon’s unit Sunway Construction Sdn Bhd (SCSB) as defendants in the suit filed on Thursday, SunCon said in a filing with Bursa Malaysia yesterday.

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news

Solarvest IPO oversubscribed by 35 times

15 November, 2019

Solarvest's IPO for its Bursa Malaysia ACE Market listing involves a public issue of 98.83 million new shares at 35 sen each to raise RM34.59 million for the company.

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news

AISB acquires land near MRT station for RM31m

15 November, 2019

The group said the property is located within an area with mixed commercial and residential development and it is 15km from Kuala Lumpur.

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news

UEM Sunrise to see RM54.3m gain from disposal of Australian property

13 November, 2019

“The proposed divestment allows UEM Sunrise to immediately unlock the value of the property at a gain in line with market value, and free up the cash to enable the group to pursue other investments and venture opportunities,”

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news

Zecon's auditor casts going concern doubts

09 November, 2019

Nonetheless, Crowe Horwath also highlighted that Zecon is taking measures to mitigate the existence of material uncertainty ongoing concern and its obligations falling due within the next 12 months.

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