Econpile sells land for RM5 million to subsidiary
Econpile said the land sale by its wholly-owned unit to another of its subsidiaries, Tropical Broadway Sdn Bhd, would see its value unlocked through development by the latter.
Bank Negara Malaysia maintains OPR as inflation seen 'higher'
Bank Negara said in a statement today its monetary policy committee (MPC) maintained the OPR at 3%, a level deemed accommodative and supportive of economic activity.
Four Sime Darby dormant subsidiaries to be wound-up
The move follows Sime Darby’s proposed standalone listing of its plantation and property under a pure-play strategy.
Kimlun's 4Q net profit up 13%, plans 6.5 sen dividend
Kimlun has an estimated construction and manufacturing balance order book of approximately RM1.67 billion and RM260 million respectively as at Dec 31, 2016.
Tititjaya to acquire prime land in Sabah for RM71 mil
The proposed development on the land would enhance its future revenue and earnings profits based on the land's value and its surrounding development.
Sime Darby's separate listings plan involves internal restructuring, share distribution
On completion of the distribution, the shareholders will directly hold shares in Sime Darby Plantation and Sime Darby Property in the same proportion as their shareholdings in Sime Darby.
IGB Corp up 15% on takeover offer
IGB Corp Bhd shares rose as much as 38 sen or 15% after controlling shareholder Goldis Bhd made a takeover offer for the remaining IGB shares at RM3 each.
Matrix Concepts posts RM50.4 mil profit for 3Q, declares 3.5 sen dividend
Matrix said it is focusing on its development projects in the Bandar Sri Sendayan township in Seremban and Bandar Seri Impian township in Kluang, Johor. The group is also engaged in other development projects in the vicinity of Seremban.
Mercury Industries jumps 8.73% on bagging RM238 mil job
Mercury Industries Bhd rose 8.73% in thin trade this morning after its 70%-owned construction unit Paramount Bounty Sdn Bhd (PBSB) won a mixed development project worth RM238 million in Gombak, Selangor.
KL Kepong, Batu Kawan 1Q earnings decline sharply on absence of disposal gain
Kuala Lumpur Kepong Bhd’s (KLK) net profit declined sharply in its first financial quarter ended Dec 31, 2016 (1QFY17), mainly due to the absence of a one-off gain of RM485.7 million on disposal of plantation land in 1QFY16.
