Yong Tai eyes up to 40% revenue from tourism business

KUALA LUMPUR (Aug 28): Property developer Yong Tai Bhd expects its tourism business segment to contribute up to 40% of its revenue starting financial year ending June 30, 2019 (FY19), with the property development business segment taking up the rest.

READ MORE

Mixing business with marriage 101

M101 Holdings Sdn Bhd’s Datuk Seth Yap and Datin Lea Chan From lawyers to property developers, from business partners to husband and wife, Datuk Seth Yap and wife Datin Lea Chan are now parents to four children and are helming M101 Holdings Sdn Bhd, the developer of one of the most anticipated architectural icons in Kuala Lumpur city — the M101 SkyWheel project.

READ MORE

Cemented by decades of love

Kerjaya Prospek Group Bhd’s Datuk Tee Eng Ho and Datin Toh Siew Chuon Kerjaya Prospek Group Bhd, previously named Fututech Bhd, is headed by Datuk Tee Eng Ho and his brother Eng Seng, who are currently the company’s executive chairman and executive director, respectively.

READ MORE

Syed Mohamed is now Encorp chairman

KUALA LUMPUR (Aug 26): Encorp Bhd has appointed former banker Datuk Syed Mohamed Syed Ibrahim as its chairman, replacing Tan Sri Mohd Isa Abdul Samad, who resigned in mid-August amid an anti-graft probe over the purchase of a luxury hotel in Kensington, London.

READ MORE

Sime Darby makes record RM684 mil impairment to give pure plays a clean start

KUALA LUMPUR (Aug 26): Sime Darby Bhd, which is set to list its plantation and property arms — Sime Darby Plantation Bhd (SD Plantation) and Sime Darby Property Bhd (SD Property) — separately on Bursa Malaysia by November, has undertaken a record impairment at the group level to provide a clean sheet for their financials, moving forward.

READ MORE