GuocoLand chairman Quek Leng Chan buys own shares from market at S$1.43 each
He now holds a deemed stake of 850.
He now holds a deemed stake of 850.
Looking ahead, the group acknowledged challenges in the domestic property sector due to higher interest rates, ongoing inflation and an oversupply of properties in different markets and segments.
The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.
This was due to higher profits from associates and joint ventures, and better gross profit margins from finalisation of development cost in several projects.
Noorbaizura Hermeyney, 43, has 20 years of working experience, which is primarily focused on investment and asset management, including experience in the real estate portfolios for public listed real estate investment trusts and government-linked companies.
The disposal of the freehold land, measuring 32.
The bid price translates to a price of S$2,068.
He joined Guocoland Group in 2011, after working with GL Ltd (now known as GuocoLeisure Ltd), which is owned by Hong Kong-listed Guoco Group Ltd.
For the cumulative six-month period (1HFY2023), the property developer posted a net profit of RM10.