KUALA LUMPUR: Permodalan Nasional Bhd (PNB), the country’s largest state asset manager, expects foundation and piling works on the KL118 Tower, formerly Menara Warisan Merdeka, to be completed by the third quarter of next year (3Q15).

KUALA LUMPUR: Malayan United Industries Bhd (MUI) has announced that it is engaged in “serious discussions” with a potential party to explore possibilities of disposing of certain “substantial assets” to unlock their values.

KUALA LUMPUR (Nov 25): UOA Development Bhd net profit for the thuird quarter ended Sept 30, 2014 rose 34% to RM102.88 million from RM76.52 million a year earlier, on the back of revenue RM349.9 million compared to RM216 million a year earlier.

KUALA LUMPUR: UEM Sunrise Bhd, the property development arm of UEM Group, remains confident of meeting its RM2 billion sales target for 2014, after receiving a good initial response to its first venture in Australia.

KUALA LUMPUR: Property developer and builder TSR Capital Bhd, which in February this year received approval in principle from the federal government to enter into negotiations with the latter to redevelop the Royal Malaysian Air Force (RMAF) base in Butterworth, Penang via a land swap, will be submitting a detailed plan to the RMAF and the Defence Ministry.

KUALA LUMPUR (Nov 24): WCT Holdings Bhd's net profit dropped 37% to RM25.8 million in the third quarter ended Sept 30, 2014 (3QFY14), from RM41.3 million a year earlier, translating to a decline in its earnings per share to 2.37 sen from 3.78 sen per share.

The group's revenue, however, improved by 13% to RM471.1 million in 3QFY14 from RM418.5 million in 3QFY13.

KUALA LUMPUR (Nov 24): Stationery manufacturer Pelikan International Corp Bhd registered a 19% drop in its net profit for the third quarter ended Sept 30, 2014 (3QFY14), to RM3.49 million or 65 sen per share from RM4.32 million or 85 sen per share on declining sales of certain wholesale and printer-consumable customers.
 

KUALA LUMPUR: Melbourne developers Kangoala Pty Ltd and Property Development Analysis Australia recently showcased their project, Queens Domain, in Kuala Lumpur last weekend. It is marketed by Knight Frank Malaysia.

KUALA LUMPUR: NCT Group of Companies launched the third and final phase of its RM1 billion Ion Delemen development  in Genting Highlands last month.

The project with a gross development value of RM380 million consists of Tower 4 and Tower 7. The latter is up for sale, while Tower 4’s pricing is being finalised.

BOSTON: US-based Millennium Partners is developing the Millennium Tower Boston, located northeast from New York. The 60-storey skyscraper is designed by Blake Middleton of Handel Architects. The US$630 million (RM2.1 billion) building will comprise 422 high-end residential units, said Richard Baumert, partner at Millennium Partners, in a press release recently.