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).

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Aspen hopes to ink RM550 mil RTO agreement with Yi-Lai by next week

BUTTERWORTH (July 28): Penang-based property player Aspen Vision Development Sdn Bhd is hoping to ink a share sale agreement for its RM550 million reverse takeover (RTO) of ceramic and homogenous tiles maker Yi-Lai Bhd by next week, which will pave the way for the former to be listed on Bursa Malaysia.

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