UEM Sunrise 2Q net profit edges up 6% on stronger property sales as revenue surges 116%; Eric Chan appointed independent non-executive director
Eric Chan brings over 25 years of experience in the property development sector.
NCT Alliance's major shareholders to inject industrial park developer for RM490 mil in shares, RCPS
The property developer inked a conditional share sale agreement with the Yap brothers, executive chairman and managing director Datuk Seri Yap Ngan Choy and executive director Datuk Yap Fook Choy, to acquire the entire equity interest in NCT World Sdn Bhd.
PN17 Ivory Properties faces suspension, de-listing after Bursa rejects extension request
As a result, trading in Ivory’s securities will be suspended effective Aug 29, and the company will be de-listed on Sept 3, unless an appeal is submitted.
Ivory Properties says group CEO cooperating with MBI investigations
Ivory Properties has been in Practice Note 17 (PN17) status since 2022 after its auditor flagged its ability to continue as a going concern.
Sime Darby Property posts RM143.5m net profit in 2Q, declares 1.5 sen dividend
Sime Darby Property said its property development segment continued to be the main revenue contributor, accounting for 93.
Matrix Concepts’ 1Q net profit up 3.7% on higher property sales, lower marketing costs
Quarterly revenue inched up 1.
Hextar Technologies terminates RM31m Nilai land disposal to Widad, plans reassessment of terms
According to the group, the termination was prompted by recent economic conditions, which led both companies to re-evaluate the proposed transaction and re-examine the parcels of land identified for disposal.
S P Setia collaborates with Taiwan’s Ally Logistic Property to develop smart warehouse campus in Klang
The development will feature two smart warehouses equipped with AS/RS systems, one for advanced cold chain logistics and the other for high-efficiency ambient storage, providing approximately 1.
Parkson unit signs 20-year lease in China’s Sichuan province
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.
Paramount cuts sales target to RM1.2b amid market headwinds
The group declared an interim dividend of three sen per share, to be paid on Sept 18.
