Landmarks' auditor flags group's ability to operate as going concern
The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.
Tropicana to issue new shares to founder-cum-vice-chairman to settle RM180m debt
In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed.
EcoWorld International’s proposed capital reduction of RM1.5 bil to facilitate distributions to shareholders
Datuk Teow Leong Seng, president & CEO: “The proposed capital reduction is a concrete first step towards the realisation of EcoWorld International’s commitment to meet our targeted distribution of RM900 million to our shareholders as earlier announced.
Setia EcoHill 2 unveils first phase of commercial development in Setia Commerce Square
Nadi comprises three phases of shopoffices and is estimated to have a gross development value of RM500 million, occupying 34 acres out of the 1,010-acre Setia EcoHill 2 which is planned for completion by 2026.
PRG’s deal with HK-listed Furniweb set to improve financial liquidity, performance
The exercise involving disposal and diversification plans is also part of its corporate strategy to increase its stake in Furniweb, according to a statement on Friday (April 28).
Parkson's Vietnam unit to file for bankruptcy, only remaining store to close
The Parkson group set foot in Vietnam in 2005 and developed a premium shopping mall chain in the major cities of Ho Chi Minh City, Hanoi and Haiphong.
Resilient demand for Sunway's and IOI Properties' projects in Singapore despite property cooling measures, says HLIB
The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for owner-occupation.
CapitaLand Malaysia’s 1Q NPI up 9% on better revenue contribution; declares 0.87 sen DPU
Its portfolio occupancy improved to 89.
After regaining firm footing in FY2022, Sunway REIT eyes more positive upside from post-Covid reopening
Sunway REIT chief executive officer Datuk Jeffrey Ng Tiong Lip: “Sunway REIT has recovered well from Covid-19 pandemic.
