Pos Malaysia eyes land monetisation

SHAH ALAM (Aug 18): Pos Malaysia Bhd, whose share price has risen 16% this month, is looking to monetise its land bank assets, said its group chief executive officer Datuk Mohd Shukrie Mohd Salleh.

READ MORE

Paramount’s 2Q profit up 70%, plans RM405 mil launches for 2HFY16

KUALA LUMPUR (Aug 18): Property developer and private education operator Paramount Corp Bhd, which announced a 70% increase in its latest quarterly earnings, is planning up to RM405 million new projects and additional phases of existing developments in the second half of the financial year ending Dec 31, 2016 (2HFY16).

READ MORE

SStwo Mall up for sale

ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.

READ MORE