Ivory Properties proceeds with RM40 mil Penang land deal with Chin Hin
The plot forms part of the Penang Times Square development, and will be used to develop a multi-storey residential project.
The plot forms part of the Penang Times Square development, and will be used to develop a multi-storey residential project.
In September, the building material specialist said it would be making the MGO for the remaining shares in Ajiya Bhd at RM1.
As part of the deal, Chin Hin Group will award construction works of the development to a member company of the Ivory group as the turkey builder.
The perpetual MTN programme is not rated.
Quarterly revenue, however, increased 20.
The group has not undertaken any equity fund-raising exercise in the past 12 months.
The construction segment’s profit before tax (PBT) surged more than seven-fold to RM8.
The first two property projects taking part in AFFIN Home Step Fast/i will be Ayanna Residences and Quaver Residence.