Selangor Properties to see flat earnings growth in FY16

KUALA LUMPUR (Feb 25): Selangor Properties Bhd (Selangor Prop) expects the group's earnings growth to remain flat in its current financial year ending Oct 31, 2016 (FY16), as the group, which has not launched new products for some years — though it has a luxury condominium planned this year — continues to rely on its property investments as its major income stream for now.

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Aspen plans RM550 mil RTO with Yi-Lai

KUALA LUMPUR (Feb 25): Penang-based property developer Aspen Group is planning a reverse takeover (RTO) of ceramic and homogeneous tiles maker Yi-Lai Bhd, which will see the latter branching out into property development.

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