News about ER

KUALA LUMPUR (Feb 2): Little-known Weida (M) Bhd founder Datuk Lee Choon Chin, who is also a major shareholder, intends to take the company private through a selective capital reduction and repayment that will distribute RM2.

PETALING JAYA (Feb 1): All allocated units of Careya terraced houses — the first of S P Setia Bhd’s Starter Homes series in its 2,525-acre Setia Alam township — were sold out on the day it was launched, said the developer in a statement today.

PUTRAJAYA (Feb 1): The target of developing 80,000 homes for the Federal Territories Affordable Housing (RUMAWIP) programme can be achieved this year, Bernama reported Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor as saying yesterday.

KUALA LUMPUR (Jan 30): EcoFirst Consolidated Bhd saw its net profit for the second quarter ended Nov 30, 2017 (2QFY18) lifted by over five times to RM27.

KUALA LUMPUR (Jan 30): Mastery Academy of Chinese Metaphysics founder Datuk Joey Yap foresees the real estate market in Malaysia to remain sluggish in the Year of the Dog.

Pesona Metro Holdings Bhd (Jan 29, 44 sen) Maintain buy recommendation with a target price (TP) of 70 sen: Pesona Metro Holdings Bhd announced that it had been awarded a RM161.

STOCKHOLM, SWEDEN (Jan 30): IKEA founder Ingvar Kamprad, who built a global business empire with revolutionary flat-pack furniture and was known for his contempt for taxes, died aged 91, the Swedish furnishing giant said last Sunday (Jan 28).

PETALING JAYA (Jan 29): More retailers are expected to embrace the “clicks and mortar” concept as e-commerce sees rapid growth in Malaysia, said Knight Frank Malaysia in its latest research report titled “Real estate highlights for 2nd half of 2017”.

KUALA LUMPUR (Jan 29): The Institute for Democracy and Economic Affairs (IDEAS) said the suggestion to lower the interest rates on housing loans by the government would hide issues faced by the local property market.

KUALA LUMPUR (Jan 29): The probe into the crane accident in Taman Desa last week could lead to a possible court case, said the Department of Occupational Safety and Health (DOSH) yesterday.