UEM Sunrise achieves RM600 mil sales in 1H15 due to launch delays
UEM Sunrise Bhd (Sept 21, RM1.
UEM Sunrise plans to issue RCPS instead of new shares to raise up to RM793 mil
KUALA LUMPUR (Sept 17): UEM Sunrise Bhd (UEMS) and its major shareholder UEM Group Bhd (UEMG) have mutually agreed to terminate a previous share subscription agreement and replace it with a subscription agreement for the proposed issuance of up to 793 million new UEMS redeemable convertible preference shares (UEMS-RCPS), in light of recent movements in the market price of UEMS shares.
Cautious sentiment in Johor remains in 2Q
THE Goods and Services Tax (GST), the weak domestic and global economy, and the uncertain local political situation worsened sentiment in Johor’s property market in the second quarter of the year.
UEM Sunrise’s 2Q earnings grow 12.6%
KUALA LUMPUR (Aug 18): UEM Sunrise Bhd saw its net profit for the second quarter ended June 30, 2015 (2QFY15) rise 12.
Eco World to launch Eco Botanic Phase 2 next month
PETALING JAYA: Eco World Development Group Bhd will launch Phase 2 of its Johor development, Eco Botanic, in August.
Khazanah buys Imperia Building from UEM Sunrise
UEM Sunrise Bhd (July 1, 99 sen ) Upgrade to buy with an unchanged target price (TP) of RM1.
Southern Marina Residences officially launched
PETALING JAYA: A total of 236 condominium units at the Southern Marina integrated development in Nusajaya, Johor will be released for sale this weekend.
Insider Asia’s Stock Of The Day: Crescendo Corporation
CRESCENDO CORPORATION BHD PROPERTY stocks may under-perform in the near to medium term, following cooling measures, weak consumer confidence and oversupply concerns, including in Iskandar Malaysia (IM).
JB secondary housing growth stagnant
KUALA LUMPUR (June 5): Johor Baru’s residential market showed no growth in values and transactions in the first quarter of this year (1Q2015), according to the latest edition of The Edge-KGV International Property Consultants Johor Baru housing monitor.
