KUALA LUMPUR: The global real estate fraternity has yet to see the worst, prompting expectations of further declines in property prices in advanced and emerging economies as financial institutions again tighten lending in a risk-averse landscape.But assets in emerging Asian entities tend to offer a more compelling investment theme compared with their peers in the developed US and Europe.
KUALA LUMPUR: Sime Darby Bhd has proposed RM4.5 billion Islamic debt notes to finance its working capital requirements and also future investments and if required, refinance debt obligations.Sime Darby said on Tuesday, Sept 29 it had proposed to undertake an Islamic medium term note programme of RM4.5 billion and an Islamic commercial paper/Islamic medium term note programme of RM500 million wi
KUALA LUMPUR: Malton Bhd has scaled back its proposed acquisition of Austin Heights Sdn Bhd from the initial 100% stake costing RM103 million to only 20% for RM20.6 million cash.Malton said on Tuesday, Sept 29 it had entered into a supplemental agreement with Southcon Builders Sdn Bhd for the acquisition of one million shares in Austin Heights for RM20.6 million.
KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.Gamuda said on Tuesday, Sept 29 that revenue however rose 10.68% to RM942.24 million from RM851.3 million.
KUALA LUMPUR: Ireka Corporation Bhd, which is seeking external jobs, has been pre-qualified for projects worth RM2.5 billion from the private sector, which may contribute significantly to its 2011 and 2012 financial years.
KUALA LUMPUR: Sunway Construction Sdn Bhd (SunCon), a unit of Sunway Holdings Bhd, announced it has accepted a contract from Putrajaya Holdings Bhd worth RM147.36 million to build a hotel and office building in Putrajaya.
The new structures will be raised on Plot PZ10, Parcel Z, Precinct 1, Putrajaya.
KUALA LUMPUR: Gamuda Bhd's net profit fell 38.3% to RM43.29 million in the fourth quarter ended July 31 compared with RM70.2 million a year ago due to sharply higher operating expenses.
Gamuda said on Sept 29 that revenue, however, rose 10.68% to RM942.24 million from RM851.3 million. Earnings per share were 2.16 sen compared with 3.50 sen.
KUALA LUMPUR: Medan Damai Sdn Bhd, a wholly-owned subsidiary of Mahajaya Bhd is selling off five bumiputra shop offices in Taman Damai Utama in Puchong, Selangor totalling RM5.54 million. This will be utilised as working capital for Medan Damai for the financial year ending June 30, 2010.