Glomac posts profitable 4Q on provision reversal
KUALA LUMPUR (June 7): Notwithstanding a fall in revenue, Glomac Bhd reported a net profit of RM23.
KUALA LUMPUR (June 7): Notwithstanding a fall in revenue, Glomac Bhd reported a net profit of RM23.
Securing a meeting with Datuk Seri Fateh Iskandar Mohamed Mansor — affectionately known as FD in the property industry — is notoriously difficult.
KUALA LUMPUR (March 14): Glomac Bhd reported a 19.
KUALA LUMPUR (Nov 28): Property developer Glomac Bhd’s shares fell 2.
KUALA LUMPUR (Nov 27): Glomac Bhd saw a 92.
PETALING JAYA (Oct 5): The government should pick the “low-hanging fruits” that could lead to significant shifts in the property market, said Lendlease Projects Sdn Bhd director and country head Dinesh K Nambiar.
KUALA LUMPUR (Sept 27): Glomac Bhd will be unveiling multiple projects with a combined gross development value (GDV) of RM810 million from October this year in its six existing townships.
KUALA LUMPUR (Aug 17): A Glomac Bhd subsidiary will defend itself against former joint venture (JV) partner Score Option Sdn Bhd's statement of claim for more than RM100 million, after the latter demanded compensation for a property project.
KUALA LUMPUR (Aug 2): Glomac Bhd is proposing to undertake a bonus issue on the basis of one bonus share for every 10 Glomac shares held to reward existing shareholders and improve liquidity and marketability of its shares.
Sold for: RM880,000 (RM805 psf) Concluded by: Justin Tau (REN 18860) of Hartamas Real Estate (OUG) (017-674 3763) When: April 2017 Noteworthy: ● Freehold ● Built-up: 1,092 sq ft ● 3-bedroom and 2-bathroom ● Maintenance fees: 35 sen psf ● Mid floor and facing south ● Partly furnished with kitchen cabinet, hood and hob, four air-cons, water heater, washing machine and dryer ● Facilities: infinity pool, gym, steam room, playground, a BBQ area and a tennis court Located in Mutiara Damansara, Petaling Jaya, Reflection Residences is a newly completed serviced apartment development by Glomac Bhd.