Daiman hits limit up after receiving privatisation offer
KUALA LUMPUR (Aug 28): Daiman Development Bhd shares rose as much as 65 sen or 30% to RM2.
Major shareholders propose privatisation of Daiman Development
KUALA LUMPUR (Aug 28): The major shareholders of Daiman Development Bhd have proposed to undertake a selective capital reduction (SCR) and repayment exercise to take the company private at RM3 a share or RM295.
Ewein 2Q net profit soars 273% on higher property sales
KUALA LUMPUR (Aug 27): Ewein Bhd's second quarter net profit increased 273% to RM11.
Thriven sees thriving growth as new projects kick in
KUALA LUMPUR (Aug 27): Property developer Thriven Global Bhd, formerly known as Mulpha Land Bhd, is targeting an exponential growth in its top and bottom lines supported by unbilled sales of over RM460 million as well as new sales.
Court allows Equanimity sale pending ownership litigation
KUALA LUMPUR (Aug 24): The superyacht Equanimity, which is linked to Low Taek Jho — the alleged mastermind behind 1Malaysia Development Bhd's troubles — may find a new owner "in the next two or three months" after a Malaysian court granted an application to facilitate the sale of the vessel today.
Malaysia files criminal charges against Jho Low in absentia
KUALA LUMPUR (Aug 24): Malaysian police today filed the first set of criminal charges against Low Taek Jho (Jho Low) and his father over money allegedly stolen from 1Malaysia Development Bhd (1MDB).
Jho Low: Equanimity 'quick fire sale' unlikely to fetch fair market value
KUALA LUMPUR (Aug 24): A spokesman for Low Taek Jho, through his attorneys, issued a statement today saying the Malaysian government's immediate plan to sell the yacht Equanimity at a public auction is unlikely to get a fair market value for the asset due to the yacht's maintenance cost.
E&O posts lower 1Q net profit as forex, JV losses weigh
KUALA LUMPUR (Aug 21): Eastern and Oriental Bhd (E&O)’s net profit for the first quarter of its financial year 2019 (1QFY19) fell 34% from a year ago, despite a 15% rise in revenue, as it was impacted by unrealised foreign exchange losses and losses from joint ventures (JVs).
MB World's 2Q earnings more than triples as revenue doubles
KUALA LUMPUR (Aug 20): MB World Group Bhd saw its net profit for the second quarter ended June 30, 2018 (2QFY18) rose to RM22.
New Ruling: Councillors to declare involvement in projects
PETALING JAYA (August 20): A new ruling by the Selangor government requires councillors to declare any involvement or interest they or their family members may have in projects, prior to approval from select committees at a local authority level.
