News by M

Jaks Resources Bhd, whose profitability was dragged down by its loss-making property division in the financial year ended Dec 31, 2016 (FY16) and first quarter ended March 31, 2017 (1QFY17), said it would take some time for the division to start bearing profits.

Wanda Group had in May this year been reported to have expressed "desire" to participate in the Bandar Malaysia development.

The group has in hand, eight property projects split between Melaka, Pahang, Selangor, Kuala Lumpur and Negeri Sembilan.

The company intends to transform the land into a high-rise residential development.

Going forward, Glomac said it plans to open initial phases of terrace houses for launch at its new developments in Saujana Utama 5 in Sungai Buloh, Selangor, and Saujana Jaya in Kulai, Johor.

Is UOL, the property firm controlled by UOB Chairman Wee Cho Yaw, offering to buy out United Industrial Corp (UIC) again after its 2009 failed bid?

Bandar Malaysia Sdn Bhd chairman Tan Sri Dr Mohd Irwan Serigar Abdullah said the request for proposal (RFP) for the RM12.35 billion Bandar Malaysia project will be issued sometime this week, adding there have been many parties indicating interest in the development.

PR1MA is planning to raise RM5 billion to support 89 of its executed projects nationwide, comprising 89,449 units of homes.

PRG and Sunsuria said their respective subsidiaries — Premier Electrify Sdn Bhd and Sunsuria City Sdn Bhd — had signed a memorandum of collaboration to set out the terms of collaboration between the parties to promote the use of EVs in Malaysia.

At 9.02am, Selangor Dredging rose 15 sen to RM1.11 wih 264,400 shares traded.