Cahya Mata slides to two-month low after missing earnings estimates
Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.
KTI Landmark to build RM107m cultural complex in exchange for 65-acre land in Sabah
Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.
Parkson unit signs 20-year lease in China’s Sichuan province
Parkson Holdings Bhd (KL:PARKSON) said that its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRG) has inked a 20-year agreement to lease 4,801 sq m of commercial space in Mianyang City in China’s Sichuan province.
Paramount cuts sales target to RM1.2b amid market headwinds
Paramount Corp Bhd (KL:PARAMON) has lowered its full-year sales target and scaled back its planned project launches, in a move reflecting the moderating economic outlook and persistent property market challenges, as its second-quarter net profit fell 10.15% year on year.
Times Square owner Berjaya Assets shrinks 4Q loss with accounting gains
Berjaya Assets Bhd (KL:BJASSET), the developer of Times Square, said on Wednesday it narrowed net loss for the fourth quarter with accounting gains and revenue growth.
MB World launches RM2b heavy industrial township in Forest City SFZ
Property developer MB World Group Bhd, which was once a publicly listed entity, on Wednesday launched its 732-acre MBW Innexus Industrial City development in Tanjung Langsat, Johor Bahru, Johor.
Avaland expects new projects to pick up, declares special dividend
Avaland Bhd (KL:AVALAND) expects stronger earnings in the coming months from its newly-launched developments after a weaker second quarter.
EUPE tops out 99%-sold Est8 @ Seputeh
EUPE Corp Bhd (KL:EUPE) announced that its Est8 @ Seputeh, a serviced residential development with a gross development value of RM658 million that is located in Kuala Lumpur, is 99% sold.
E&O sells London land for up to RM515.8m to pay debts, fund expansion
Property developer Eastern & Oriental Bhd (KL:E&O) has signed a deal to sell two adjoining freehold land parcels in London, covering 1.329 acres, for at least £75 million (RM427.8 million) and up to £90.54 million (RM515.8 million).
Titijaya Land partners Mines Heights for RM554.30 mil project in Cheras
Titijaya Land Bhd (KL:TITJAYA), via its wholly-owned subsidiary, Titijaya Development (Pulau Pinang) Sdn Bhd, has signed a joint venture agreement with Mines Heights Development Sdn Bhd to develop a 3-acre parcel of land in Taman Connaught, Cheras, into a transit-oriented development (TOD).
