Bursa quizzes Lion Industries over RM92 mil land disposal
Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.
Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.
Net proceeds of RM50.
“We designed and planned our townships with a target to achieve at minimum a 30% overall reduction in carbon emission, as compared to the business-as-usual design.
Titijaya Land said the winding-up of Renofajar will not cause a material financial impact on the group due to the unit’s insignificant contribution to its financial performance ― having contributed 1.
Lion Industries said the disposal, which is part of the group’s strategy to divest its non-core assets, will allow the group to realise its investment in the land sold with a pro forma net gain of RM57.
The apartment units have built-ups ranging from 926 to 1,087 square feet (sq ft), with prices ranging from RM429,800 to RM566,800.
The group said most of its business segments reported improved performance in FY2023 after the resumption of international and domestic travel and further relaxation of the Covid-19 restrictions.
In a bourse filing on Wednesday (Aug 23), the premier lifestyle property developer said revenue jumped by 11.
The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.
In a bourse filing on Friday (Aug 18), Kerjaya Prospek said its revenue grew 11.