Provision for impairment of RM155m drags BLand into loss in 2QFY18
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
Mara sells Melbourne property to fund manager for RM117.37m
In its report yesterday, the Australian Financial Review said Mara showed a A$1.2 million loss on the asset in 2016 after it became vacant.
Ivory again seeks more time to fulfill conditions to complete RM150m land sale
The extension this time is for 12 months until Dec 16, 2018.
Aeon Co counter-sued by Gemilang Waras over AEON Mall Bukit Tinggi alleged trespass
GWSB is also seeking any other assessment of damages, and costs for the dismissal of Aeon’s suit and counterclaim.
UOA Development ups stake in property developer firm for RM159.5m
“Upon Everise becoming a subsidiary of the group, the group’s net assets is expected to increase by RM67.95 million…”
Al-Salam REIT to buy 22 properties for RM115m, seeks to raise RM60m via placement
The properties are in Penang, Perak, Selangor, Kuala Lumpur, Negeri Sembilan, Melaka, Johor, Sabah and Sarawak.
IGB shareholders say yes to takeover by Goldis
286 shareholders holding 176.56 million shares voted in favour of Goldis’ bid, while 148 shareholders owning 1.17 million shares voted against it.
Construction will be our game changer — Voir
The diversification is not a prelude to an RTO by Consortium Zenith, says chairman.
Too premature to ascertain luxury development freeze on JV projects — SD Property
“We are not sure if it would affect projects with our joint-venture partners."
Sime Darby to review investment-grade rating after demerger exercise
The review is also pertinent as the group does not have any sukuk programme that would seem to retain its investment-grade rating, said group chief financial officer Datuk Tong Poh Keow.
