The announcement comes following a consent judgement entered on July 28 for Entomo (formerly known as KPISoft Malaysia Sdn Bhd) and Raveenderen to purchase all of HBSB’s shares in MySJ.
This is in respect of the net profit after tax and non-controlling interests of RM74.8 million in the AFS FY22 as announced on Monday (Nov 7), compared with the RM66.4 million in the 4QFY22 unaudited financial results announced on Aug 30.
Under the JVA, the development will be on a sharing basis of 83:17 between ABSB and KKMBPB, respectively.
Tawaran Harapan committee member Rajiv Rishyakaran highlighted the rejection faced by first-time buyers due to not having a payslip for working in informal jobs, freelancing work, or lack of previous bank borrowing.
S&F Capital Bhd (previously known as Leweko Resources Bhd) is acquiring 9.44 acres of land near Kulim Hi-Tech Park (KHTP) in Kedah for RM7.4 million.
Malaysia’s cost of borrowing increased for the fourth time this year as Bank Negara Malaysia (BNM) hiked the Overnight Rate Policy (OPR) by another 25 basis points to 2.75% at the sixth and final Monetary Policy Meeting (MPC) for 2022.
IGB Real Estate Investment Trust’s (IGB REIT) net property income (NPI) for the third quarter rose 80.95% to RM101.19 million from RM55.92 million a year earlier, mainly due to lower rental support to tenants arising from the economic reopening and improved retail sales of tenants.
Ireka Corp Bhd said it will jointly develop houses on a piece of land in Seberang Perai Tengah with Wakaf Pulau Pinang Sdn Bhd (WPPSB), a corporate representative of the Penang State Islamic Religious Council (MAINPP).
Mitraland Group founder and chief executive officer Chuah Theong Yee has emerged as a new substantial shareholder of Eonmetall Group Bhd.
Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75% on Thursday (Nov 3).
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