News about corporation

KUALA LUMPUR (March 31): Crescendo Corp Bhd’s net profit dropped 60.

KUALA LUMPUR (Feb 3): IJM Corp Bhd has obtained approval from the Securities Commission Malaysia (SC) to extend the timeline for the submission of its draft independent advice circular (IAC) in relation to Sunway Bhd’s proposed takeover.

KUALA LUMPUR (Feb 3): Sunview Group Bhd has clarified that there was no discrepancy in its contract cost position, following a sharp reversal in its financial position, which saw a massive swing between its unaudited and audited figures.

KUALA LUMPUR (Jan 20): Shares of IJM Corporation Bhd (KL:IJM) fell on Tuesday's opening, a day after the company said officers from the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board (IRB) were present at the company’s office on Monday (Jan 19) to "obtain information as part of their process".

Sunway, which announced on Jan 12 its intention to acquire IJM, is offering to snap up shares in the latter for cash of 31.

The regularisation plan, outlined by Perak Corp in February last year, consist of a capital reduction, a joint development project, RM89.

"Crescendo also noted that the recent 25-basis-point cut in Bank Negara Malaysia’s Overnight Policy Rate is expected to create a "favourable environment for homebuyers and investors".

The share disposal comes as CMSB grapples with weaker financial performance.

The 14,000 sq ft space in Johor will mirror the KL Sentral branch, which became profitable within just three months and has reached over 50% occupancy.

“Johor has become one of Malaysia’s top investment destinations, and the official opening of Skypark Kepler comes just at the right time,” said Ang.