Magna Prima in JV for JB SoHo project
To undertake the project, a special purpose vehicle will be established with Twinicon holding a 75% stake and Crest Star holding the remaining 25%.
Magna Prima sees new substantial shareholders
Following the acquisition, Edxus Solutions now holds 26.
Magna Prima, Golden Rainbow View to jointly develop Lai Meng school land into a RM1.2 bil mixed development
The development land was acquired by Magna Prima's wholly-owned subsidiary Twinicon (M) Sdn Bhd from Lai Meng Girls School Association in 2014 for RM148.
Magna Prima extends losses for second straight day after UMA reply
Magna Prima saw its share price jump to a three-year high of 76 sen last Thursday before declining on Friday.
Magna Prima says in final stage of negotiations to monetise a land bank
In a reply to the stock market regulator's unusual market activity (UMA) query, Magna Prima said the company and its subsidiaries have been continuously on the lookout for opportunities to strengthen its financial position.
Magna Prima to acquire remaining 30% stake in property development unit for RM46 mil
In a bourse filing on Tuesday (Aug 22), Magna Prima said it had on Tuesday inked a sale and purchase agreement with Lee Shu Shun for the proposed acquisition.
TAFI Industries wins RM115 mil contract from Magna Prima to build serviced apartments in Kepong
TAFI Industries said its wholly owned subsidiary TAFI Home & Office Sdn Bhd (formerly known as Home & Office Furniture Sdn Bhd) accepted a turnkey construction contract awarded by Magna Park Sdn Bhd, an indirect wholly owned unit of Magna Prima.
Magna Prima to dispose of commercial property in KL for RM56m
KUALA LUMPUR (April 19): Magna Prima Bhd is disposing of a four-storey commercial building in Kuala Lumpur for RM56 million, which the property developer will use to help settle its debts.
Magna Prima's auditor flag material uncertainty as group's liabilities exceed assets by RM108m
KUALA LUMPUR (April 17): Magna Prima Bhd’s independent auditor has raised a material uncertainty related to the property developer’s ability to continue as a going concern.
Report: Magna Prima willing to sell prime assets 'if the price is right'
KUALA LUMPUR (Aug 15): Property developer Magna Prima Bhd has plans to sell off some “prime assets” in an effort to “reduce its gearing so that it is able to sustain its business in the current challenging environment”, according to a recent report by The Edge Malaysia.
