News about M

KUALA LUMPUR (July 5): Iskandar Waterfront City Bhd (IWCity) and Iskandar Waterfront Holdings Sdn Bhd (IWH) extended the deadline to conclude their planned restructuring to Sept 4 this year, as IWH needed more time to finalise talks on the corporate exercise.

KUALA LUMPUR (July 5): National House Buyers Association of Malaysia (HBA) said the middle-income group in Malaysia is in dire need of rent-to-own schemes, warning that the country could face a housing crisis in the form of a “homeless generation”.

KUALA LUMPUR (June 30): Boon Koon Group Bhd, which specialises in rebuilt commercial vehicles, intends to diversify into property development.

KUALA LUMPUR (June 29): Tiger Synergy Bhd has signed a memorandum of agreement with Prosma Bhd, a holding company for the assets of Sekretariat Komuniti Prefer Malaysia (SKPM), to develop a RM100 million affordable condominium in Gombak.

PETALING JAYA (June 29): Construction and property development group TSR Capital Bhd said it is open to selling its office tower in Mutiara Damansara, Petaling Jaya, known as Menara TSR, and would use the gains from the disposal for future property development projects.

KUALA LUMPUR (June 29): Bintai Kinden Corp Bhd rose 4.

KUALA LUMPUR (June 23): After much speculation in the past year over whether Vivocom International Holdings Bhd's CEO will stay or go, the construction company announced on Bursa Malaysia today that Datuk Seri Dr Yeoh Seong Mok is retiring, with immediate effect.

KUALA LUMPUR (June 23): Nexgram Holdings Bhd's third quarter net loss narrowed to RM277,195 from a net loss of RM3.

KUALA LUMPUR (June 23): Bina Darulaman Bhd (BDB) has issued its maiden sukuk, RM50 million Sukuk Wakalah, the first tranche of the Kedah-based property and construction company's seven-year, RM100 million Sukuk Wakalah Programme.

For most property owners, once the defects liability period of the property is over, they are left to cope on their own with any construction flaws.