News about Penang

KUALA LUMPUR (June 2): Ewein Bhd, which is looking to bag the next parcel of land Consortium Zenith BUCG Sdn Bhd (CZBUCG) will be offering in Bandar Tanjong Pinang, Penang for development, is incorporating a new 60%-owned subsidiary called Ewein Zenith II Sdn Bhd in anticipation of the proposed project.

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

KUALA LUMPUR (May 28): Hunza Properties Bhd, whose controlling shareholder has expressed interest in taking it private, recorded a huge leap in its net profit for the third quarter ended March (3QFY15).

KUALA LUMPUR (May 27): Veritas Architects Sdn Bhd has been given the “Building of the Year” award for its Sinkeh Hotel refurbishment project in Georgetown, Penang, by the Malaysian Institute of Architects.

SHAH ALAM (May 27): Titijaya Land Bhd obtained shareholders’ approval to acquire about 23 acres of leasehold land in Batu Maung, Penang to build a mixed-use development after its extraordinary general meeting (EGM) here today.

Eastern & Oriental Bhd  (May 26, RM1.

KUALA LUMPUR (May 25): Eastern & Oriental Bhd’s net profit for its fourth quarter of its 2015 financial year has doubled to RM100.

GEORGE TOWN (May 18): YTL Land and Development Bhd sold the final units of its low-rise condominium project – Penang Shorefront – at a preview last weekend.

Tropicana Corp Bhd (May 12, RM1.

PETALING JAYA: IJM Land Bhd has acquired a 32.