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.
EcoFirst unit hit with suit over 12-year delay in obtaining strata titles
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.
EcoFirst’s 4Q net profit down 67% on lower investment property gains, higher costs
For the full financial year, EcoFirst’s net profit jumped 91.
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.
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.
EcoFirst’s unit received sealed court order to pay sum of RM10.37 million
KUALA LUMPUR (Nov 8): EcoFirst Consolidated Bhd’s wholly-owned unit Pujian Development Sdn Bhd (PDSB) has received a sealed court order to pay a judgement sum of RM10.
EcoFirst calls off Penang developer acquisition
KUALA LUMPUR (May 17): EcoFirst Consolidated Bhd announced today that it has called off plans to acquire a 70% stake in private property development firm Geo Valley Sdn Bhd for RM44 million cash.
EcoFirst to launch phase two of Ampang Ukay in 2H2019
PETALING JAYA (Jan 10): EcoFirst Consolidated Bhd will be launching phase two of the Ampang Ukay development which carries a GDV of RM600 million in the second half of this year (2H2019).
EcoFirst seeks to jointly develop RM1.25b project
KUALA LUMPUR (Dec 28): EcoFirst Consolidated Bhd is seeking to jointly develop a RM1.
Developer cashflow squeezed by longer retention sum period for defect and liability repairs
PETALING JAYA (Aug 16): A 2015 amendment to the Housing Development (Control & Licensing) Act (HDA) in 2015 aimed at protecting home buyers is further strangling the cashflow of property developers whose sales are already slow, reported The Edge Malaysia.
