Sunway acquires three student accommodations in the UK for RM203m
KUALA LUMPUR (Nov 1): Sunway Bhd is buying three purpose-built student accommodations in the UK, collectively worth some RM202.
RAM Ratings revises outlook for Widad's RM110m sukuk to 'positive'
KUALA LUMPUR (Oct 25): Widad Group Bhd said RAM Ratings has revised its outlook for Widad Capital Sdn Bhd’s sukuk murabahah programme of up to RM110 million in nominal value, to positive, from stable.
Parkson gets RM2b loan facility for refinancing, working capital needs
KUALA LUMPUR (Oct 23): Parkson Holdings Bhd’s 54.
TSR Capital starts arbitration proceedings against YTL
KUALA LUMPUR (Oct 1): TSR Capital Bhd has commenced arbitration proceedings against Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL) in relation to a civil works subcontract for the electrified double-track project from Gemas to Johor Bahru.
CMMT’s Sungei Wang opens new annex block with 85% leasing commitment
KUALA LUMPUR (Oct 1): Newly-refurbished mall Sungei Wang’s new annex block JUMPA @ Sungei Wang has achieved more than 85% in leasing commitment to date.
GDB bags RM517m job to build Desa ParkCity's Park Regent development
KUALA LUMPUR (Sept 26): Construction firm GDB Holdings Bhd has clinched a RM517 million contract to undertake construction works as the main contractor for the Park Regent residential development located at Desa ParkCity here.
ECRL subcontract awards expected in 2021, says Affin Hwang Capital
KUALA LUMPUR (Sept 26): Affin Hwang Investment Bank has maintained its “Overweight” call on the construction sector and said it expects tenders for the East Coast Rail Link (ECRL) to be called starting in 4Q19 for local subcontractors to undertake 40% of the civil works (excluding tunnel works).
Macquarie cuts Kerjaya Prospek Group's EPS forecast
KUALA LUMPUR (Sept 17): Macquarie Capital Securities (M) Sdn Bhd said today that it had cut its Kerjaya Prospek Group Bhd earnings per share (EPS) forecast by 18% for financial year ending Dec 31, 2019 (FY19) and 8% each for FY20 and FY21, in anticipation that the builder's property developer clients will extend project timelines to manage cash flow, amid the property market slowdown.
Park Regent at Desa ParkCity hits 80% take-up in a month
KUALA LUMPUR (Aug 29): Park Regent by the Water (Park Regent), the latest high-rise luxury residential project in Desa ParkCity, Kuala Lumpur has achieved 80% take-up in a month after its official launch end of July.
Chicken breeder Sinmah buys land in Durian Tunggal, Melaka
KUALA LUMPUR (Aug 1): Poultry firm Sinmah Capital Bhd's wholly-owned subsidiary Sinmah Development Sdn Bhd is buying an approximately 4.
