EcoFirst to acquire 4.5-acre land in Kajang for RM35m for mixed development
EcoFirst expects to commence development on the Kajang land in the first quarter of 2025, with the development period spanning three to four years.
Ecofirst’s 4Q net profit more than doubles amid improved sales conversion
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.
EcoFirst alleges conspiracy in award of now-terminated contract to Kerjaya Prospek
After the termination, Kerjaya Prospek filed a lawsuit against EcoFirst’s wholly-owned unit, BCM Holdings Sdn Bhd, claiming RM20 million in termination damages.
Cash-strapped EcoFirst to dispose of vacant land in Shah Alam to HCK Capital
The sale price of RM34 million is RM15.
EcoFirst says will contest RM20m lawsuit filed by Kerjaya Prospek over withdrawal of construction contract
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.
Kerjaya Prospek demands RM20 mil in termination damages from Ecofirst’s subsidiary
Kerjaya Prospek said its solicitor has issued a letter to BCM, instructing them to make the specified payment within seven days from Nov 21.
Kerjaya Prospek’s RM404.35m job from EcoFirst’s unit falls through
Kerjaya Prospek said it will be taking necessary steps under the letter of award (LOA) after advice from its solicitors “to enforce its right to recover the pre-agreed damages payable stated in the LOA, which is due and payable by BCM to [wholly owned subsidiary] Kerjaya Prospek (M) Sdn Bhd”.
EcoFirst to have RM9.2m net gain despite selling eight retail units at lower than market price in related party transaction
In a filing with Bursa Malaysia on Wednesday, the property developer said the total gain from the disposal of the 15 units is higher than the total original investment cost by approximately RM9.
EcoFirst sells 15 retail units from newly completed project to major shareholder for RM23.8m
In a bourse filing on Friday, EcoFirst said the proposed disposal provides an opportunity for the company to realise the value of these properties, which have appreciated since the project's completion in 2019.
