Sime Darby Property Bhd achieved a total of RM11 million in sales bookings during the Hari Raya open house weekend of May 21 and 22.

Malaysian Resources Corp Bhd (MRCB) said its first quarter (1Q) net profit soared 170% to RM14.03 million from RM5.2 million a year ago, helped by the full consolidation of the Light Rail Transit 3 (LRT3) project.

Country Heights Holdings Bhd (CHHB) posted a net profit of RM2.03 million for the first quarter ended March 31, 2022, versus a net loss of RM5.17 million in the previous year’s corresponding quarter, helped by better performance of its business segments.

Mah Sing Group Bhd's first quarter (1Q) net profit rose 7.19% to RM43.18 million from RM40.28 million a year earlier, on higher revenue from its property development business.

Ekovest Bhd reported a net loss of RM7.96 million for its third quarter ended March 31, 2022 (3QFY22), versus a net profit of RM27.54 million a year earlier, amid lesser contribution from its construction segment.

Malaysian Resources Corp Bhd clarified on Tuesday (May 31) that no proposal or offer has been received by the group so far regarding any potential restructuring of the group.

Set up in September 2020 with funding and talent by Sunway Property and Sunway Education Group, Sunway XFarms has nourished more than 1,800 families with over 15,000 kg of leafy vegetables grown and harvested right from the urban farm in Sunway's flagship smart sustainable city Sunway City Kuala Lumpur since its inception.

Despite the net loss, revenue for the quarter under review jumped 90.39% to RM72.43 million from RM38.04 million, driven by increased sales from all divisions particularly its property division.

The company aims to raise funds for the acquisition or refinancing of borrowings for the acquisition of new head office, performance bonds or cash deposits for construction projects, as well as working capital and listing expenditures.

"By harnessing our expertise in town-making and leveraging fruitful collaboration with like-minded partners such as Skyline Enterprises for our community place-making, today's ceremony demonstrates how we are able to create sustainable developments which can cater to the needs and wants of people, especially ones that are surrounded by nature with ample public spaces for the community," said Gamuda Land chief operating officer Chu Wai Lune in a press release.