Eco World International Bhd (EWI) shares rose 2.88% in early trade this morning after the company posted a narrower net loss of RM24.82 million in 2QFY17, compared with RM60.82 million a year earlier.

Metronic Global Bhd is planning to consolidate every three ordinary shares in the company into one share (3-into-1), followed by a rights issue with free warrants, that could raise as much as RM32.27 million.

It becomes the first foreign bank to invest in the development.

Eco World Development Group Bhd will be launching Esplanad, the first commercial project to be introduced in Eco Grandeur, Puncak Alam, Selangor on June 18.

Mah Sing Group Bhd plans to increase its Klang Valley land bank from the current 65% to 75% in the next two to three years.

MRCB is buying three parcels of land from Kuala Lumpur City Hall (DBKL) for RM335.5 million cash.

S P Setia Bhd is launching the residential component of its latest and fifth project in Australia located on Exhibition Street, Melbourne this weekend.

Sold for: RM572,000 (RM480 psf); Concluded by: Ken Lai Kian Yoong (REN 04845, 017-606 9056) and Lim Hui Lin (REN 11542, 018-2759199) from Polygon Properties Sdn Bhd; When: April 2017

Mid-to-mass market projects continue to drive sales with 341 and 617 units sold in the RCR and OCR segments.

The Ascott, CapitaLand’s serviced residence business unit, has won contracts to manage its first three properties under its lyf brand in China and Singapore.