Zecon managing director Zainal Abidin raises stake in company
This raised his total equity interest in Zecon to 43.
Guocoland 4Q net profit falls 34% on lower contribution from property development segment, pays 2 sen dividend
The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.
Perak Corp, private firm ARX-YSC to jointly develop land in Perak four years after JV agreement
In a filing with Bursa Malaysia on Thursday (Aug 17), Perak Corp said it had on Wednesday entered into a supplemental agreement to the JVA entered into on Sept 10, 2019 with ARX-YSC to vary certain terms of the JV.
LFE Corp teams up with landowner to jointly develop housing project in Kedah
In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.
Country Heights defaults on RM89.67 million payment for Islamic financing facilities
Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint.
UEM Sunrise unit buys 1.22-acre Perth land for RM66m to build apartments
The group has been actively looking into investing in Perth for some time due to the city’s strong fundamentals underpinning the economy, a lower housing entry point and some of the best prospects for capital gains in Australia.
Country Heights defaults on RM181m payment for Islamic financing facilities
The group said it is in talks with the liquidator and MBSB Bank to resolve the default amicably, adding that it is working towards the settlement of the liquidation.
RHB keeps ‘overweight’ on construction sector on status quo after state polls
In a note on Monday, RHB Research said that the federal government will likely be in a stronger position to focus on rolling out programmes and implementing its reform agenda, which could lead to government jobs picking up pace in the coming months.
Analysts foresee better financial performance by Sentral REIT on Menara CelcomDigi purchase
The analysts made their forecast after the REIT posted a net property income of RM29.
Kenanga stays ‘neutral’ on property, favours EcoWorld, IOI Properties on strong cash flows
Kenanga said it favours EcoWorld because of its strong branding and mature townships, while IOI Properties is a top pick because of the hidden value of its prime investment properties in the Klang Valley, Singapore and China that could potentially be developed through a real estate investment trust.
