LBS Bina posts 14% profit growth in 3Q despite lower revenue, higher finance costs
Net profit rose to RM40.
LBS to raise RM750m via sukuk, sets up its own sustainability financing framework
The programme provides the group the flexibility to issue both Sukuk Wakalah and Sustainability Sukuk Wakalah that complies with green/social/sustainability/sustainable and responsible investment sukuk guidelines, frameworks, standards or principles issued by the SC, the Asean Capital Markets Forum, or the International Capital Market Association.
LBS Bina secures 28.67MW solar power capacity from Energy Commission under CGPP
The total quota of 800MW under CGPP has now been fully subscribed.
LBS Bina Group announces proposals for Budget 2024 to spur local property market
LBS Bina's second proposal is to provide incentives for the adoption of the industrialised building system (IBS) precast system for developers that incorporate the system into their housing projects, as this can help reduce construction costs and make housing more accessible.
LBS Bina drops 6% in 2Q on lower contribution from property development business
It attributed the decrease in revenue and PBT to certain development projects that were near their completion before vacant possession.
LBS Bina teams up with land owner to undertake RM1b GDV mixed development in Sungai Penchala
The development will be carried out atop six parcels of land measuring 6.
LBS Bina's indirect unit enters MOU with Türkiye's Desan for RM2b shipyard in Melaka
The proposed shipyard, to undertake ship building and ship repair works, is expected to be developed in three phases on 1,200 acres (485.
MGB launches Pangsapuri Saujana Indah in Molek, Johor Bahru
With a gross development value of RM437 million, the units with built-ups ranging from 590 to 863 sq ft have a selling price starting from RM352,000.
LBS launches KITA Bestari in KITA @ Cybersouth
More than 90% of units of KITA Bestari’s single-storey houses have been booked within two weeks after opening for bookings.
MGB bags RM47m contract to build houses in Puchong
The contract was awarded by Blee & W Architects Sdn Bhd, on behalf of Astana Modal (M) Sdn Bhd, which in turn is a subsidiary of LBS Bina Group Bhd.
