On track for the targeted launch of the line’s first phase in July 2021.

For the cumulative first half, the group’s net profit grew 19% to RM304.86 million from RM256.46 million.

Reclamation of Seri Tanjung Pinang phase 2A (STP2A) is progressing well, with more than 75% of the island being reclaimed above the 2m chart datum level.

Tropicana said the group believes that there will still be demand for properties in prime locations with accessibility to good amenities and attractive pricing.

The SC had alleged that the defendants colluded in the manipulation of Iris shares over 44 days.

The construction firm has also entered into an agreement to jointly develop the tract in the Tun Razak Exchange (TRX) it bought in October 2015.

A penthouse at The Edge on Cairnhill in prime District 9 was sold at a S$2.22 million loss.

Association chairman and managing director of MNP Auctioneers (Central) Sdn Ltd Stephen Soon Chee Leng said both manual and online auctions have their own flaws and advantages, hence a better solution is to have it both ways.

Revenue, however, slipped to RM202.62 million from RM205.48 million previously, the company said in a filing to Bursa Malaysia.

OSK said performance of the property development division will continue to be driven by sales and progress billings from the existing projects and new projects to be launched in Malaysia and Australia.