EcoFirst sees boardroom changes with departure of two directors
In a filing with Bursa Malaysia, EcoFirst said they also stepped down from the audit, nomination and remuneration committee.
In a filing with Bursa Malaysia, EcoFirst said they also stepped down from the audit, nomination and remuneration committee.
The improved earnings were attributed to accelerated progress billing for the KL 48 project, as well as lower administration expenses and finance costs.
The purchasers argue that Wize Platinum and Pujian Development have breached Section 8 of the Strata Title Act, which states the developer is required to apply for the strata titles within six months from the issuance of the certificate of completion and compliance.
For the full financial year, EcoFirst’s net profit jumped 91.
EcoFirst expects to commence development on the Kajang land in the first quarter of 2025, with the development period spanning three to four years.
Property developer Ecofirst Consolidated Bhd (KL:ECOFIRS) said on Monday its net profit for the fourth quarter more than doubled from a year earlier thanks to higher sales conversion rate for the KL-48 project.
After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn Bhd, claiming RM20 million in termination damages.
The sale price of RM34 million is RM15.
Kerjaya Prospek, in a bourse filing on Nov 23, said that its solicitor had issued a letter to BCM, instructing the company to pay the RM20 million within seven days from Nov 21, failing which legal action will be initiated.