The group said its 4QFY21 results were driven largely by the property development segment which contributed revenue of RM52.49 million and profit before tax of RM8.56 million.
Quarterly gross revenue fell 30.5% to RM48.68 million against RM70.05 million a year ago.
The project comprises a total of 155 double-storey terrace houses, one single-chamber TNB sub-station, two double-chamber TNB sub-stations and one main switch station.
Sentral REIT plans to raise up to RM3b via debt programmes for investments, working capital, and to refinance borrowings
Sentral REIT said its manager Sentral REIT Management Sdn Bhd has proposed the establishment of Commercial Papers (CP) Programme of RM300 million in nominal value, and Medium-Term Notes (MTN) Programme of RM3 billion in nominal value, subject to a combined limit of RM3 billion in aggregate nominal value under Trusmadi Capital Sdn Bhd (the issuer).
Advancecon said its wholly-owned Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction Sdn Bhd for the appointment.
WCT said its indirect 80%-owned subsidiary, WCT Perkasa Sdn Bhd, has entered into a deal with Yayasan Sabah for the option to acquire the development rights over the land, comprising several parcels, in phases to undertake a mixed development project
According to the company’s draft IPO prospectus posted on the Securities Commission Malaysia website, 153.65 million shares will be offered to the investing public.
The project involves the construction of one 45-storey condominium block and another 40-storey condominium block, including two levels of underground car park and eight levels of podium, with seven levels of car park and one level of recreation facility
Tan Sri Lee Kim Yew: I have decided to transfer some of the most attractive assets under my private holdings to Country Heights based on Covid-19 pandemic prices via issuance of Country Heights shares, in order to create immediate value in the group
Gamuda posts better y-o-y and q-o-q net profit in 4QFY21, lifted by stronger construction and property earnings
Moving forward, Gamuda said its prospects have brightened, though recovery is likely to remain bumpy and dependent on the effectiveness of public health measures and policies to contain the Delta variant