SP Setia 2Q net profit up 77% on year at RM443m
KUALA LUMPUR (Aug 23): SP Setia Bhd's second quarter net profit rose 77% year-on-year to RM442.
DONE DEAL: Commercial bungalow, Jalan Maarof, KL
Rented for: RM68,000 per month Concluded by: Sean Inn of Propstar Realty 012-2876 600 (REN 18479) When: June 2018 Noteworthy: ● Total built-up of 26,270 sq ft ● Four floors including a roof floor ● Comes with basement car park ● Rental started in July 2018 ● Comes with an elevator According to Propstar Realty senior negotiator Sean Inn, who concluded the rental deal, the corner bungalow lot was recently rebuilt from scratch and completed in September last year.
Report of shock over ECRL scrapping
KUALA LUMPUR (Aug 22): From normal workers to top officials, those involved in the East Coast Rail Link (ECRL) are still in shock over the scrapping of the mega project.
Tambun Indah 2Q net profit down 23% on fewer on-going projects
KUALA LUMPUR (Aug 22): Tambun Indah Land Bhd saw its net profit fall 23.
Sunway on track to exceed RM1.3b sales target, declares dividend
KUALA LUMPUR (Aug 22): Sunway Bhd’s second quarter profit saw a marginal 1% rise to RM199.
MCT buys Tropicana land to build RM265m luxury condominium
KUALA LUMPUR (Aug 22): MCT Bhd is acquiring a 7,143 sq m piece of leasehold land within Tropicana Golf & Country Resort in Bandar Damansara, Selangor from Tropicana Corp Bhd, controlled by tycoon Tan Sri Danny Tan Chee Sing, for RM42.
Paramount 2Q net profit doubles on land disposal
KUALA LUMPUR (Aug 21): Paramount Corp Bhd's net profit more than doubled for its second quarter ended June 30, 2018 (2QFY18) to RM42.
Short selling of Gabungan AQRS, HSS Engineering shares suspended
KUALA LUMPUR (Aug 21): Proprietary day traders (PDT) and intraday short selling (IDSS) activities were suspended today for Gabungan AQRS Bhd and HSS Engineering Bhd after their shares dropped more than 15 sen or 15% from their reference price.
E&O on active lookout for STP2 Phase 2A investors to raise cashflow
KUALA LUMPUR (Aug 21): Lifestyle property developer Eastern and Oriental Bhd (E&O) is on the lookout for Tier 1 and Tier 2 investors, either local and foreign parties, to enter into joint ventures (JV) to develop its 253-acre Phase 2A land in Seri Tanjung Pinang 2, Penang (STP2A).
Canadian firm co-owned by Taib Mahmud's daughter seeks injunction against Swiss NGO
KUALA LUMPUR (Aug 21): Sakto Corp, a Canadian real estate company co-owned and operated by Jamilah Taib Murray, the daughter of Sarawak Governor Tun Abdul Taib Mahmud, has applied to Switzerland's Basel Civil Court to obtain an injunction against Swiss non-governmental organisation Bruno Manser Fonds (BMF).
