Bintai Kinden’s 24-year old executive director, chairman resign
Its executive director Noor Azri Datuk Seri Azerai has resigned due to personal reasons and time commitment on other companies.
UPDATED: YNH Property sells land in Desa Seri Hartamas to Sunway Group for RM170m cash
There will also be an additional sum of RM50 million deposited by the buyer within three months of completion of the conditions of the agreement.
Napic expects recent OPR hike to impact residential property demand
The increase in the overnight policy rate (OPR) to 3% on May 3 is expected to have an impact on property market activity, particularly residential demand, said the National Property Information Centre (Napic).
TA Securities values Main Market-bound Radium Development at 51 sen, implying 17.1 times price-earnings
TA Securities Research has valued Main-Market bound Radium Development Bhd at 51 sen per share, implying a financial year ended Dec 31, 2021 (FY2021) price-earnings ratio (PER) of 17.1 times, due to strong demand for affordable housing in the capital.
NCT Group inks deal with Socso to strengthen talent development
The NCT group of companies has inked a memorandum of understanding (MOU) with the Social Security Organisation (Socso) to promote employment and enhance talent acquisition in Selangor.
GuocoLand names Noorbaizura as new MD
GuocoLand (Malaysia) Bhd has appointed Noorbaizura Hermeyney as its new managing director (MD), succeeding Tan Wee Bee, effective May 18. In a statement on Friday (May 12), the property developer, who is the subsidiary of Singapore-based GuocoLand Ltd, said Tan, 52, will be stepping down to pursue his other personal interests.
Agong, Raja Permaisuri host dinner at Battersea Power Station
Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah and Raja Permaisuri Agong Tunku Azizah Aminah Maimunah Iskandariah hosted a celebratory dinner at the Battersea Power Station on May 10 (Wednesday) to celebrate the success of an exhibition of Malaysian heritage craft titled "Abstract Nature".
Subcontractor in 8 Conlay project obtains interim injunction against Grand Dynamic Builders
The High Court on Friday (May 12) granted an air conditioning subcontractor of the 8 Conlay project an injunction against Grand Dynamic Builders Sdn Bhd (GDBSB) to restrain the company or its directors or other officers from issuing a demand pursuant to a Standard Chartered Bank Malaysia Bhd letter of guarantee dated March 8, 2021, until the final disposal of its arbitral proceedings.
Sime Darby Property launches The Eighth with 70% take-up
Sime Darby Property Bhd’s semi-detached villas, The Eighth in the City of Elmina township located in Shah Alam, Selangor has achieved a 70% take-up rate since its official launch in April 2023.
Auditor flags material uncertainty over Bertam Alliance’s ability to continue as going concern
Bertam Alliance incurred negative operating cash flows of RM1.47 million during FY2022 and its current liabilities has exceeded its current assets by RM17.09 million.
