E&O posts RM33m profit in 1Q on improved revenue, forex gains
In a bourse filing on Wednesday (Aug 23), the premier lifestyle property developer said revenue jumped by 11.
Landmarks' Andaman Resorts placed under receivership after defaulting on OCBC loan
The group said in a bourse filing that OCBC has proceeded to appoint Khoo Siew Kiat and Lim Keng Peo of Deloitte Restructuring Services PLT as the "joint and several receivers and managers over the assets and undertakings of ARSB", whose assets have a net book value of RM25.
E&O's 4Q net profit dives 80% on-year on higher expenses
The lower earnings were also due to the higher selling and marketing expenses of RM4.
E&O’s Andaman Island Phase 1, The Meg and Arica get GreenRE Platinum Provisional Certifications
E&O managing director Kok Tuck Cheong: “We are honoured to receive recognition from Rehda for our Andaman Island Phase 1, The Meg and Arica.
Landmarks' unit defaults on RM133 mil financing facility
Landmarks said it is of the view that there will be no material impact to its business, both financially and operationally, in view that it has no other outstanding loans or facilities with any other banks or financial institutions.
E&O to launch second serviced apartment Arica in Penang’s Andaman island
Arica is a 380-unit freehold serviced apartment development, offering unit built-ups ranging from 947 sq ft to 1,259 sq ft and priced from RM800,000.
E&O sees rights issue, future sales supporting Phase 2 Andaman Island capex outlay
The group, which is seeking additional funds for the second phase of its 760-acre Andaman Island project, expects to have around RM500 million cash in hand next year despite downsizing its rights issue that was first proposed in February 2022.
Landmarks confirms major fire incident at The Andaman resort in Langkawi
KUALA LUMPUR (Jan 13): Landmarks Bhd has confirmed that a major fire incident took place at The Andaman, its hotel resort in Langkawi.
Fire at Langkawi's five-star Andaman Resort
KUALA LUMPUR (Jan 13): A fire that “gutted” part of the five-star Andaman Resort in Langkawi yesterday but the blaze has since “been brought under control”, reported The Star.
PKNS sues Parkson over alleged failure to pay rent for retail space in Bangi mall
KUALA LUMPUR (Dec 26): A firm owned by the Selangor State Development Corp (PKNS) and Andaman Group is suing Parkson Corporation Sdn Bhd (PCSB) for allegedly failing to pay rent for a retail space in EVO Shopping Mall in Bangi.
