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.
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.
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.
KUALA LUMPUR (June 25): Property developer Magna Prima Bhd has defaulted on a term loan facility from Alliance Bank, which amounts to RM37.
Magna Prima Bhd (Aug 19, RM1.
Hua Yang Bhd (Dec 28, 60.
SHAH ALAM (Sept 14): Magna Prima Bhd has launched a RM271 million condominium development dubbed The View Residences in Sultan Abdul Aziz Shah Golf Club, Shah Alam.