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.
Teo Seng Kian appointed as Ecofirst exec director, ceases to be alternate director
He is brother to Datuk Dr Teoh Seng Foo, who is the president and executive director of the company; and is also the brother of Teoh Seng Aun, who is the director of Ecofirst’s major subsidiaries, as well as a substantial shareholder.
EcoFirst logs higher 2Q revenue but net loss widens as finance costs jump
The group’s revenue rose 38% to RM5.
Signature International’s co-founder ceases to be EcoFirst’s substantial shareholder
Datuk Michael Chooi Yoey Sun, who emerged as the property developer’s substantial shareholder in January this year, disposed of 10 million shares on the open market on Monday (Nov 7), according to a Bursa Malaysia filing.
