AME Elite gets green light from SC for industrial REIT listing
AME REIT, an Islamic REIT on the Main Market, will have an initial fund size of 520 million, according to the integrated industrial space solutions provider in a bourse filing.
Gabungan AQRS bags RM32m sewer pipe relining works in Kuala Langat, Klang
The project from Syarikat Muhibbah Perniagaan Dan Pembinaan Sdn Bhd was awarded to Gabungan AQRS' wholly-owned Gabungan Strategik Sdn Bhd on Monday (March 21), according Gabungan AQRS' bourse filing.
EcoWorld International’s 1Q net loss narrows to RM14.66m, records 68% higher sales
The group also attributed the lower net loss to higher contributions from West Village and Yarra One, which were partially offset by lower realised and unrealised gain on foreign exchange and other income.
Elsoft to sell property in Penang for RM38m
The group, via wholly-owned unit Siangtronics Technology Sdn Bhd, entered into an agreement with manufacturer of industrial equipment SRM Integration (Malaysia) Sdn Bhd for the sale of the two-storey factory-cum-office building.
Advancecon secures RM42.54m construction project in Klang
The group, via its wholly-owned unit Advancecon Infra Sdn Bhd (AISB), has accepted the Letter of Acceptance from Sime Darby Property (Bukit Raja) Sdn Bhd for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for the development of Phase 2 (R6, R8, R9, and C5) at Bandar Bukit Raja 2, Kapar district.
Al-Salam REIT and Al-A’qar Healthcare REIT appoint Salehuddin Hassan as their director
Salehuddin, 58, is also the treasurer of Johor Heritage Foundation.
BLand withdraws from RM3.05b mixed-development project in Myanmar
In a bourse filing, BLand said its 80%-owned subsidiary, BDS Smart City Co Ltd, has served a written notice on the Yangon Region Government (YRG) to terminate the concession agreement due to non-fulfilment of conditions. The agreement was signed on Feb 7, 2020.
Mah Sing 4Q profit climbs 49% on-year; proposes 2.65 sen dividend
Quarterly revenue rose 13.67% year-on-year (y-o-y) to RM537.42 million from RM472.78 million. The company proposed a first and final dividend of 2.65 sen per share, which is equivalent to a 4% dividend yield based on its closing price of 66 sen on Feb 24.
Matrix Concepts says 3Q profit up 16.7% q-o-q, pays 3.75 sen dividend
Quarterly revenue declined 26.1% to RM233.09 million from RM315.41 million mainly due to lower recognition from the group’s industrial and commercial product
LBS Bina set for an uptrend reversal, says RHB Retail Research
In a trading stocks note today, the research house said if the bullish momentum persists above that level, the stock may climb towards the next resistance level of 56 sen, followed by 59 sen.
