News

Cheung Kong 2H net quadruples, beats forecasts

HONG KONG: Cheung Kong (Holdings), billionaire Li Ka-shing's flagship real estate conglomerate, more than quadrupled its second-half net profit on strong sales as the economy recovered and on higher contributions from associate Hutchison Whampoa.

READ MORE
News

IJM bids for RM4 billion worth of projects

KUALA LUMPUR: IJM Corp Bhd is bidding for projects worth RM4 billion, giving it a strong possibility of boosting its total order book past the RM4 billion mark from the current RM3.6 billion, said its CEO Datuk Krishnan Tan Boon Seng.

He said at its peak IJM used to have an order book of RM6 billion.

READ MORE
News

Government to put out for tender choice tracts in KL

KUALA LUMPUR: The government has identified and will put out for tender several land parcels located strategically within or near the sought-after Kuala Lumpur City Centre (KLCC).

Prime Minister Datuk Seri Najib Tun Razak announced in his keynote address at Invest Malaysia 2010 on March 30 that the tracts are located at Jalan Stonor, Jalan Ampang and Jalan Lidcol.

READ MORE
News

Ho Hup seeks extension until Aug 4 to submit revamp plan

KUALA LUMPUR: Ho Hup Construction Co Bhd has sought an extension of four more months until Aug 4 to submit its regularisation plan.

The company said it had on Tuesday, March 30 applied to Bursa Malaysia Securities for the further extension to submit the plan under the provision of Practice Note 17 of Bursa Securities’ Listing Requirements

READ MORE
News

Crescendo Corp sees lower net profit of RM3.43 million for 4Q

KUALA LUMPUR: Crescendo Corp Bhd saw its net profit for the fourth quarter ended Jan 31, 2010 (4QFY2010) drop 47.4% to RM3.43 million, from RM6.5 million on lower revenue.

Meanwhile, its revenue for the quarter fell 20.3% to RM43.23 million, from RM53 million due to lower sales of industrial properties and concrete products.

READ MORE
News

GCH Retail to set up first Giant hypermarket in Miri, Sarawak

KUALA LUMPUR: GCH Retail (Malaysia) Sdn Bhd will be spending RM12 million to set up its first Giant hypermarket in Miri, Sarawak within Permy Mall in Bandar Baru Permyjaya.

Its chief operating officer Tom Herriott said the hypermarket is expected to open in 3Q2010 when the mall opens.

READ MORE