KLK and Batu Kawan report lower earnings in 1QFY24, dragged by downstream activities
KLK’s property segment profit improved by a third to RM11.
KLK’s property segment profit improved by a third to RM11.
SinggahKL 2024, which will take place on March 2 and 3 this year, has received 621 registrations to date.
Think City awarded eight applicants, who went through expert evaluations, workshops and a pitch event, with the grants.
In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP's prospects in the upcoming quarters, bolstered by the office division's robust 100% occupancy rate as of end-December 2023, increase in hotel operation’s occupancy ratio from 52% to 55%, and improved performance in the management services due to the rise in transient and season car park customers.
The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust — saw quarterly revenue grow 7.
KLCCP said it has entered into a share purchase agreement with Ocmador (Malaysia) City Retail Centre Sdn Bhd, Port Moresby Investments Ltd and Bold Peak Sdn Bhd for the proposed acquisition.
The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.
"We have given the commitment to signing the supplementary concession agreement, so that they can plan to invest in their assets.
Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.
“Bangsar Hill Park has been intentionally designed as purely residential condominiums to complement the commercial aspect in this vicinity.