KUALA LUMPUR (Feb 14): Property investment group Goldis Bhd — which is in the midst of a takeover of IGB Corp Bhd — revealed that its fourth-quarter (4Q) net profit tripled year-on-year (y-o-y), thanks to better performance of its retail property investments and a disposal gain.
KUALA LUMPUR (Feb 9): IGB Corp Bhd, which is in the midst of a takeover by its largest shareholder Goldis Bhd, saw its net profit jump 97.
KUALA LUMPUR (Jan 10): Goldis Bhd aims to complete its takeover of IGB Corp Bhd in early March, with the latter's shares to be delisted from the Main Market of Bursa Malaysia within the same month.
KUALA LUMPUR (Aug 23): IGB Corp Bhd’s net profit for its second quarter ended June 30, 2017 (2QFY17) jumped 41% year-on-year to RM76.
KUALA LUMPUR (Aug 19): Marriott International Inc will continue to manage Renaissance Kuala Lumpur Hotel (pictured) for another decade.
KUALA LUMPUR (May 30): EcoFirst Consolidated Bhd is marking the start of its expansionary phase, after over five years of restructuring efforts, with the launch of the first phase of its RM3 billion gross development value (GDV) Ampang Ukay development targeted for next month.
ESTABLISHED property company and hotelier, IGB Corp Bhd, is believed to be in talks to dispose of its 20-year-old, 910-room Renaissance Kuala Lumpur hotel to a little-known Singapore company for just below RM800 million.
ALL the tiredness caused by a close-to-nine-hour plane journey and 20-minute car ride from the airport quickly vanishes at the sight of IGB Corp Bhd’s newest business hotel — The Tank Stream — in Sydney.
KUALA LUMPUR (Sept 14): Most property developers are glad that the weakening ringgit has minimal impact on their development costs, but high-end projects which have more imported building materials, may be affected.
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