UEM Sunrise says again no EcoWorld merger proposal
KUALA LUMPUR (Nov 22): Property developer UEM Sunrise Bhd said today it has not made or received any corporate proposals on a potential merger with rival Eco World Development Group Bhd (EcoWorld).
Sunway 3Q net profit up 27% on higher property sector contribution
KUALA LUMPUR (Nov 22): Sunway Bhd’s net profit for the third quarter ended Sept 30, 2019 (3QFY19) rose 27% to RM183.
MRCB 3Q earnings hit by re-timing of LRT project and absence of divestment gain
KUALA LUMPUR (Nov 22): Delay in the Light Rail Transit (LRT) 3 project and absence of one-off divestment gain have resulted in a sharp 87.
Hap Seng Consolidated 3Q net profit up 1.3% y-o-y, pays 20 sen dividend
KUALA LUMPUR (Nov 22): Hap Seng Consolidated Bhd has eked out a 1.
WCT 3Q net profit falls as contribution from other income shrinks
KUALA LUMPUR (Nov 22): WCT Holdings Bhd’s net profit declined 46.
KPKT to meet industry stakeholders to discuss flat rate maintenance fee issue
KUALA LUMPUR (Nov 21): A focus group meeting will be held on Monday (Nov 25) between the Ministry of Housing and Local Government (KPKT) and industry stakeholders including the Malaysian Institute of Property & Facility Managers (MIPFM), the National House Buyers Association (HBA) and representatives from management bodies of strata property to come up with an equitable solution to the issue pertaining to flat rate maintenance charges in mixed developments, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin.
Jho Low's Acme obtained US$126m in IMTN bond flip, says auditor
KUALA LUMPUR (Nov 21): Acme Time Ltd, a firm wholly-owned by fugitive financier Low Taek Jho (Jho Low), obtained close to US$126 million in the Islamic Medium Term Note (IMTN) bond flip for the Terengganu Investment Authority (TIA) in 2009, the High Court was told today.
Homeowners in China were promised ‘park views’ but get a plastic lake instead
PETALING JAYA (Nov 21): Buyers of flats in Changsha, Hunan province, Central China were shocked to see a plastic lake when they collected the keys to their units over the weekend, the South China Morning Post (SCMP) reported Tuesday.
