Cahya Mata Sarawak shares hit six-week high after surge in profits
For the fourth quarter ended Dec 31, 2024 (4QFY2024), the group’s net profit soared 85.
MGB posts 22% rise in 4Q net profit on higher other income, pays 1.52 sen dividend
According to MGB, the improvement in FY2024 was predominantly attributed to its property development segment’s fourfold leap in revenue to RM483.
Perak Corp plans share capital reduction, RM90 mil land sales, preference shares issuance to regularise financial condition
The share capital reduction entails the cancellation of RM185 million of its RM272.
Cahya Mata books highest quarterly net profit in more than two years, declares three sen dividend
Its property development segment had returned to black, with an operating profit of RM18.
Crowne Plaza Penang Straits City opens, kicks off RM4.3b master development in Butterworth
As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state.
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EcoWorld takes full control of Puncak Alam-based developer after buying out EPF's 40% stake
Following the acquisition, EcoWorld Malaysia will fully consolidate Paragon Pinnacle’s balance sheet — instead of the 60% share of results previously.
DONE DEAL: Bukit Bintang condo sold (Verticas Residensi)
DONE DEAL: Condo unit, Trinity Pentamont, Mont’Kiara, Kuala Lumpur DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur Average transacted prices for non-landed properties in Bukit Bintang saw a 23% decrease between 2023 and 2024.
Lim Seong Hai gets AmInvestment Bank to underwrite IPO’s retail offering
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.
Avaland breaks ground for 40-acre green space project in Cybersouth
The Island features a 37-acre waterbody and incorporates extensive green spaces, vertical forests, and the adventure & nature trail, which highlights local biodiversity while promoting sustainable outdoor recreation.
Things to consider when buying your first home in Malaysia
This guide offers essential tips for first-time homebuyers in Malaysia to navigate the process, from assessing your finances to choosing the right property.
