News about LBS

As of Nov 28, the group had registered total property sales of RM1.

Last Friday (Nov 29), LBS Bina declared a special dividend as its net profit surged four-fold for the third quarter, carried by a one-off gain from the disposal of Lamdeal Investments Ltd (LIL).

The facility aims to produce 10GW of energy, generating over 250,000 tonnes of green hydrogen annually, LBS Bina said in a statement.

According to the press statement issued on Tuesday, the township will offer bungalow lots, landed properties, high-rise residential units, commercial lots, 50 acres of preserved forest, 9km of jungle paths, over 6km of cycling and jogging tracks and playgrounds.

Upon completion, the solar farm is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions, LBS Bina noted.

LBS said it has secured total property sales of RM794 million on the back of RM293 million in bookings as of August 21.

According to its bourse filing, the claim was filed by Mega Planner Jaya Sdn Bhd — currently in liquidation — against GMSB alongside five other parties.

The 37.

LBS Bina said the proposed disposal would result in a pro-forma disposal gain of about RM80 million, improve its net asset by about 10%, and reduce its gearing from 0.

"LBS Bina's land bank (as at end-May) totalling 2,661 acres will continue to drive growth and profitability, while reaffirming its commitment to maximise shareholder value and deliver sustainable long-term returns,” said its executive chairman Tan Sri Dr Lim Hock San.