News about EcoWorld

The counter gained 7.

Its largest shareholder Datuk Leong Kok Wah, through his direct holdings, Eco World Capital (International) Sdn Bhd and Sinarmas Harta Sdn Bhd, owns some 728.

Eco World International stated that the declaration of the first interim dividend follows the completion of the reduction of the issued share capital of the company pursuant to Section 117 of the Companies Act 2016 (Capital Reduction Exercise) which had been announced on Aug 3, 2023.

Kenanga said it favours EcoWorld because of its strong branding and mature townships, while IOI Properties is a top pick because of the hidden value of its prime investment properties in the Klang Valley, Singapore and China that could potentially be developed through a real estate investment trust.

In a filing with Bursa Malaysia on Thursday (Aug 10), the property developer said the proceeds from the sukuk will be utilised by EcoWorld Malaysia and its subsidiaries or any joint ventures related to them.

Datuk Seri Sundarajoo Somu: This is something I’ve always been very passionate about and I want to do it for one term, at least.

Datuk Chang Khim Wah, president & CEO of EcoWorld Malaysia: Our dedicated team has also worked tirelessly to bring this interchange to life and it is their efforts that have culminated in this impressive structure that stands before us today.

PublicInvest Research, which maintained its “outperform” call on EcoWorld with a target price (TP) of 88 sen, said the current sales of RM2.

37.

On track to declare 1st tranche dividend of at least RM300 million.