News about ar

The five plots of land are located some 15km from Kuching City Centre.

AZRB said, however, that AZSB is not a major subsidiary of the company and that it does not anticipate any financial and operational impact due to the filing of the petition.

The disposal was arrived at a willing buyer-willing seller basis and will generate surplus cash of approximately RM80.

During the opening ceremony of the new co-working space on Friday, WORQ revealed that the new space will be fully occupied by Datacom Systems (Asia) Sdn Bhd, a New Zealand-based IT service company and WithSecure Sdn Bhd, a Helsinki-based IT security company.

In a sector update on Friday, the research house said that if the government decides to proceed with the Johor Light Rail Transit (LRT) and Kuala Lumpur-Singapore High-Speed Rail (HSR) projects, it could boost demand for residential, commercial and industrial properties in Iskandar Malaysia in the coming years, leading to an increase in prices for strategically located parcels of land.

In a company update note on Friday, the research house expressed pleasant surprise at this development, considering it as yet another effort by SimeProp to activate its non-core land bank.

In a trading stocks note on Friday, the research house said that if a breakout above that level happens, the stock may trend upwards further towards 58 sen, followed by the next resistance point of 62 sen, which is also the 4-month high.

According to Kumpulan Jetson, the proposed SCR is to enhance the group’s credibility with bankers, customers, suppliers and investors due to an improved financial standing, as well as facilitate the declaration of dividends in the event the company has retained earnings in the future.

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The company noted the project is expected to contribute positively to its earnings and net assets for the financial years ending June 30, 2025 (FY2025) and onwards.