Main Market-listed Kitacon says no impact from property overhang issue, rises 46% on debut
Kitacon is a G7 building construction contractor involved in the construction of buildings in Malaysia.
Kitacon is a G7 building construction contractor involved in the construction of buildings in Malaysia.
MBSB, in a statement, said Azlan helmed the group since March 2021, bringing with him over 30 years of banking experience with a strong background in accountancy.
Both REITs are managed by Damansara REIT Managers Sdn Bhd, a wholly owned subsidiary of Johor Corporation and supported by KPJ Healthcare Bhd.
With the theme “NEXT100”, the festival is designed to appeal to different segments of the public.
Recovery in the residential property sector continues, albeit at a slower pace amid rising borrowing costs and growing inflationary pressure.
GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.
"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.
Classita said it aims to raise a minimum of RM30 million, hence it is still in the midst of finding other underwriters to underwrite another 200 million shares worth RM20 million.
The group said that the land, located in the Mukim Sungai Tinggi District of Larut & Matang, is currently charged to Perak Agro Corporation Sdn Bhd as security to the loan owed by Majuperak.
Paragon Union said the disposal provides an opportunity for the group to unlock and realise the value of the property, which it expects to record a net pro forma gain of RM11.