Matrix targets RM900 mil property sales in FY17
KUALA LUMPUR (Aug 18): Matrix Concepts Holdings Bhd is targeting more than RM900 million in property sales for the current financial year ending March 31, 2017 (FY17).
Paramount’s 2Q profit up 70%, plans RM405 mil launches for 2HFY16
KUALA LUMPUR (Aug 18): Property developer and private education operator Paramount Corp Bhd, which announced a 70% increase in its latest quarterly earnings, is planning up to RM405 million new projects and additional phases of existing developments in the second half of the financial year ending Dec 31, 2016 (2HFY16).
SStwo Mall up for sale
ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.
Paramount Corp's 2Q net profit up 70% on higher contribution from property division
KUALA LUMPUR (Aug 17): Paramount Corp Bhd’s second quarter net profit soared 70% to RM23.
MRCB actively looking at all options to dispose of EDL
KUALA LUMPUR (Aug 17): Malaysian Resources Corp Bhd (MRCB) is actively looking at all options to dispose of Eastern Dispersal Link (EDL) Expressway in Johor, said MRCB chief corporate officer Amarjit Chhina.
Moving forward despite challenging times
THE well-established Bandar Sunway is one of the most vibrant townships in the Klang Valley with thousands of people visiting its megamall, theme park and educational institutions every day.
George Kent consortium leads MRT Line 2 job race
KUALA LUMPUR (Aug 16): A consortium led by George Kent (Malaysia) Bhd has emerged the front runner for a RM1 billion deal to build new tracks for the mass rapid transit (MRT) Line 2, known as the Sungai Buloh-Serdang-Putrajaya (SSP) Line.
Sime Darby launches RTO of Japanese REIT, Saizen
KUALA LUMPUR (Aug 15): Sime Darby Bhd has initiated a reverse takeover (RTO) of Japan’s Saizen Real Estate Investment Trust (REIT) under which it will be injecting several of its industrial properties in Australia into the REIT, in exchange for a a certain amount of units in the REIT and cash.
