Top Builders says forensic auditors not appointed due to financial constraints; submits 1QFY2023 report but still owes two other reports
"The board of directors wishes to announce that no forensic auditors have been appointed due to budgetary constraints and financial limitations that may restrict the organization’s ability to engage the services of forensic auditors during this period.
Kimlun bags two construction contracts worth RM95.4 mil in Johor Bahru
The contracts, obtained via its wholly-owned unit Kimlun Sdn Bhd, are for the construction of one block of affordable apartments, 166 units of link houses, ancillary building and infrastructure.
Govt extends stamp duty exemption for first-time homebuyers — MOF
A 100% stamp duty exemption is given to first-time homebuyers to purchase homes priced not more than RM500,000, while a 75% stamp duty exemption is given to those buying houses priced between RM500,001 and RM1 million, the ministry said.
Sime Darby Property takes Gold and Silver wins at FIABCI World Prix D’excellence Awards 2023
City of Elmina was crowned World Gold winner in the Masterplan category while Cantara Residences earned the World Silver award in the Residential Mid-Rise category KUALA LUMPUR (June 10): Sime Darby Property Bhd scored two “major wins” at the FIABCI World Prix d'Excellence Awards 2023 held in Miami, US on June 8.
Double win for S P Setia at FIABCI World Prix D’excellence Awards 2023
The international event which took place yesterday in Miami, US, saw S P Setia’s Setia Eco Templer in Rawang, bagging the top accolade in the Master Plan category while Setia V Residences, Penang also took the top spot under the Residential High Rise category.
SkyWorld’s SkyAwani 2 Residences is FIABCI World Gold Winner
“This international recognition is a testament to the strength of our products in meeting the aspirations of homeowners, property buyers and the communities of today,” said Lee Chee Seng, chief executive officer of SkyWorld Development.
RHB upgrades Gamuda to ‘buy’ with higher TP of RM4.95
RHB Investment in a note on Friday (June 9) said that about 88% of Gamuda’s outstanding order book is from overseas, thus warranting its upgrade, implying a 20% upside and circa 3% FY2024 (Jul) yield.
Bina Puri said restraining order sought due to lacklustre construction activities
The implication of the MCO also meant that the group was unable to progress projects, but it continued to incur certain fixed costs such as rental costs, staffing, and borrowing costs that reflected into a weak financial performance the last couple of years, said the group.
Glomac tops out 121 Residences with 95% take-up
121 Residences has a gross development value of RM367 million.
