Yong Tai net loss swells in 4QFY22 due to whopping RM113.1 mil impairment
Yong Tai Bhd's net loss swelled to RM135.34 million in the fourth financial quarter ended June 30, 2022 (4QFY22), mainly due to an impairment loss of RM113.1 million.
Mulpha International 2Q net profit rises amid improved performance in hospitality division and high dividend income
Mulpha International Bhd’s net profit rose 15.8% to RM35.77 million or earnings per share of 11.5 sen in the second quarter ended June 30, 2022 (2QFY22), from RM30.9 million or 9.72 sen a year ago.
BLand's 4Q loss widens on impairment provisions for the balance proceeds of mall it sold in China
Berjaya Land Bhd (BLand) reported a higher net loss of RM133.44 million in the fourth quarter ended June 30, 2022 (4QFY22) up 5.61% from RM126.34 million a year ago, due to provisions it made to impair the balance proceeds of a mall it sold in China, which it feared it might not be able to collect.
Vizione buys property firm from managing director for RM38m cash
Vizione Holdings Bhd is buying property development company Midlands City Sdn Bhd for RM38 million cash in a related party transaction.
PMB Technology unit to dispose of KL land for RM37 mil to repay loan, raise working capital
The land has been approved for the development of one 27-storey block of studio apartments and serviced apartments.
Having already raised RM84 million, TWL plans another cash call
TWL Holdings Bhd (previously known as Tiger Synergy Bhd) has proposed a renounceable rights issue of five-year redeemable convertible unsecured loan stocks (RCULS) that come with free detachable warrants.
GuocoLand 4Q profit jumps over three times as property development, hospitality businesses improve
GuocoLand (Malaysia) Bhd's net profit for the fourth quarter ended June 30, 2022 (4QFY22) jumped over three times to RM23.79 million from RM7 million a year before, due to higher contribution from the property development division and lower loss incurred by the hospitality division.
Aspen to scale down its glove-making unit, warns of material impact
This comes after Aspen Group ventured into glove-making business in August 2020 and set up its glove manufacturing plant at Kulim Hi-Tech Park in Kedah. Its glove unit is operating under the name Aspen Glove Sdn Bhd (AGSB), which is a joint venture between Aspen Group and CMY Capital Sdn Bhd, an investment holding company founded by businessman Tan Sri Chua Ma Yu.
Yong Tai to settle RM46 million debts by issuing new shares
"The proposed debt settlement as well as the listing of and the quotation for the new settlement shares will be implemented after the proposed share consolidation and proposed bonus issue of warrants," said the property developer in a filing with Bursa Malaysia.
ES Ceramic to diversify into construction materials via RM83m acquisition of Evermix
In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.
