Bina Puri mulls raising fund
KUALA LUMPUR (June 22): Bina Puri Holdings Bhd is considering making a cash call from investors via a rights issue to reduce its gearing to as low as 1.
Glomac 4Q net profit shrinks 94.36%
KUALA LUMPUR (June 22): A loss in “other operating income” has dragged Glomac Bhd’s fourth-quarter net profit down 94.
Hatten Land is banking on Melaka’s transformation
SINGAPORE (June 21): CIMB is starting Hatten Land with an “add” rating and a target price of 38 Singapore cents, given its 45% discount to RNAV.
Bina Puri's listing of Indonesia unit to improve bottom-line contributions
KUALA LUMPUR (June 21): Construction and property firm Bina Puri Holdings Bhd, which will see its Indonesian subsidiary PT Megapower Makmur Tbk listed on the Indonesian stock exchange on July 5, hopes to increase the bottom line contribution of its power business by 20% per annum.
PR1MA to raise RM5 bil to sustain 89 housing projects
PUTRAJAYA (June 21): Perbadanan PR1MA Malaysia (PR1MA), the single largest affordable housing developer in Malaysia, is planning to raise RM5 billion to support 89 of its executed projects nationwide, comprising 89,449 units of homes.
Ekovest gets govt approval for Kuala Lumpur River City
KUALA LUMPUR (June 21): Ekovest Bhd had today received the approval-in-principle for the planned "Kuala Lumpur River City" development from the Malaysian Government.
18,000 buildings in KL could be at risk of fires
PETALING JAYA (June 21): In view of the recent tragic Grenfell Tower fire in North Kensington in London, the Malaysian Institute of Architects (PAM) has urged building owners in Malaysia to inspect their buildings’ fire safety features.
PRG teams up with Sunsuria to promote use of electric vehicles
KUALA LUMPUR (June 21): PRG Holdings Bhd, in a collaboration with Sunsuria Bhd, will deploy charging stations for electric vehicles (EVs) within the 525-acre (212.
Buying prime assets in the UK
THE UK election result on June 8 makes investing in UK assets tough, says Mark Schofield, managing director of global strategy and macro group at Citi.
