GDB to focus on high-rise, expand into other segments
GDB Holdings Bhd (March 12, Unlisted) IPO fair value (FV) at 41 sen.
Commercial property glut poses risk for M’sian banks
KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.
JAKS’ letter not a notice of arbitration, says Star
KUALA LUMPUR (March 8): Star Media Group Bhd has dismissed a letter from JAKS Resources Bhd as being a notice of arbitration.
JAKS edges higher on agreeing to complete Tower A
KUALA LUMPUR (March 8): JAKS Resources Bhd gained 0.
JAKS agrees to complete Tower A by June 30
KUALA LUMPUR (March 8): JAKS Resources Bhd (pictured) has agreed to complete Tower A of the Pacific Star project in Petaling Jaya by June 30 as demanded by Star Media Group Bhd.
JAKS Resources seeks arbitration to resolve dispute with Star Media
KUALA LUMPUR (March 7): JAKS Resources Bhd said its 51%-owned unit JAKS Island Circle Sdn Bhd (JIC) is seeking arbitration to resolve its dispute with Star Media Group Bhd over the completion and delivery of Tower A of the Pacific Star project.
JAKS’ outlook remains robust on Vietnam job profit recognition
JAKS Resources Bhd (March 1, RM1.
Star demands JAKS complete Tower A by June
KUALA LUMPUR (March 2): JAKS Resources Bhd said it has received a notice of demand from Star Media Group Bhd, requiring it to complete and deliver Tower A of the Pacific Star project by end-June 2018.
UEM Sunrise: Raymond Cheah Ho Chee will cease as COO tomorrow
KUALA LUMPUR (Feb 27): UEM Sunrise Bhd said today Raymond Cheah Ho Chee will cease as chief operating officer of the property developer upon the completion of his employment contract tomorrow (Feb 28, 2018).
MPCorp 2Q net loss narrows by 8.77% to RM3.81m
KUALA LUMPUR (Feb 27): Malaysia Pacific Corp Bhd’s (MPCorp) net loss has narrowed by 8.
