The proposed bonus issue entails the issuance of 88 million bonus shares on an entitlement date to be determined and announced later. In a filing with Bursa Malaysia yesterday, Hua Yang said the exercise will also potentially improve the liquidity and marketability of Hua Yang shares, and is expected to be completed in the second half of 2016.

In a filing yesterday, the trust said it had made a provision to distribute RM11 million or 2.61 sen per unit to unitholders, down eight sen or 2.97%, compared with 2.69 sen per unit for 2QFY15.

THE local property market has seen frenzied buying in recent years as real estate is considered by many to be the perfect investment in the face of rising inflation. Property prices have skyrocketed since the global financial crisis in 2008.

First-time home owners continue to have access to financing, said Bank Negara Malaysia (BNM), in response to calls for lending guidelines to be reviewed to ease home ownership for first-time homebuyers.

KUALA LUMPUR (July 20): It was a move that created a lot of gnashing of teeth and angst among many city folk.

I-Bhd’s net profit for the second quarter ended June 30, 2016 (2QFY16) soared by 72.32% from the previous comparable period to RM14.68 million, as the developer of i-City credited it to stronger property sales.

RHB Bank and RHB Islamic Bank will revise their base rates (BR) to 3.8% from 3.9% per annum, and base lending rates (BLR) and base financing rates (BFR) to 6.75% from 6.85% per annum effective Friday (July 22), said RHB Banking Group in a statement today.

Shares in Kerjaya Prospek Group Bhd rose as much as 3% to hit its historical high in early trades today, after the group secured a RM214 million construction contract and declared a four sen dividend.

At the current price, CMMT has a decent dividend yield of 5.08%.

PRG managing director Datuk Lua Choon Hann said it is now a good time to enter Myanmar and the Philippines as demand for affordable housing and infrastructure in these countries is strong.