News by M

Iris Corp Bhd's share price slipped 6.06% to 15.5 sen three days after proposing a private placement exercise to raise up to RM40.49 million.

SHL Consolidated Bhd's net profit in the final quarter of its financial year 2017 grew 6%.

Fund will invest RM1.14 bil in JV that owns 76 acres of land.

Iskandar Waterfront City Bhd saw its first-quarter net loss widen to RM56.46 million from RM4.8 million a year ago.

Due mainly to a one-off non-cash impairment arising from the group’s corporate restructuring plan.

Vivocom International Holdings Bhd's net profit fell 74% to RM5.24 million in the first quarter from RM19.87 million a year ago, as it recorded a slump in construction revenue.

Ascott Residence Trust (ART) is acquiring DoubleTree by Hilton Hotel New York – Times Square South for US$106 million (S$148.4 million or RM454.2 million), a 224-unit freehold property located on 36th Street in Midtown Manhattan.

Meanwhile, the group expects to launch properties with total gross development value of RM1.86 billion this year, including its Akasa Cheras development launched earlier this year, affordable Rumah Selangorku homes in Puchong, and projects in Sabah.

MKH Bhd has reported lower net profit and revenue for its second quarter ended March 31, 2017.

Fajarbaru Builder Group’s net profit in the third quarter ended March 31, 2017 (3QFY17) grew close to eight times to RM22.2 million, from RM2.86 million a year earlier, on revenue generated by its property development segment.