MBSB's 4Q net profit up 50% on one-off gain from completed acquisition of MIDF
Meanwhile, the group’s customer deposits increased by 30.
Former KWAP CEO Wan Kamaruzzaman appointed MBSB chairman
MBSB's previous chairman Tan Sri Azlan Zainol passed away in January last year.
Bintai Kinden seals deal for MBSB to drop legal suit over default
The conditional relief indulgence (CRI) agreement involves a six-month relief period for Optimal Property Management Sdn Bhd (OPM), a 100% subsidiary of Bintai Kinden, with monthly loan repayment of RM500,000.
MBSB Bank seeks to sell Country Heights land via auction over default on financing payment
Country Heights said MBSB is seeking the High Court's approval to sell the two pieces of land, which are charged to MBSB by the property developer's indirect wholly-owned units, Mines Waterfront Business Park Sdn Bhd (MWBP) and Mines International Exhibition Centre Sdn Bhd (MIEC).
MBSB brings MIDF chairman Abd Rahman, director Yasmin Mahmood on board
The appointments take effect on Tuesday, according to MBSB's bourse filings.
MBSB's 3Q net profit down 44% on higher opex, impairment
The group said earnings were dragged down by higher operating expenses of RM170.
MBSB to dispose of non-financial units, non-performing conventional loans to SPV
After the transfer, MBSB will dispose of its five subsidiaries to Emerald Unity, namely MBSB Development Sdn Bhd, Prudent Legacy Sdn Bhd (in liquidation), MBSB Properties Sdn Bhd, 88 Legacy Sdn Bhd, and Definite Pure Sdn Bhd for RM2 each.
MBSB’s 2Q net profit contracts 42% to RM84 mil as other operating expenses rose while net income dropped
On the other hand, revenue rose 8.