Crescendo’s 4Q net profit falls 60% on higher costs, subsidiary losses
KUALA LUMPUR (March 31): Crescendo Corp Bhd’s net profit dropped 60.
Rehda Institute to lead Malaysian delegates to UK for urban regeneration study mission
PETALING JAYA (March 17): The Real Estate and Housing Developers’ Association (Rehda) Institute will lead a delegation of Malaysian industry leaders on a study mission to the UK from March 19 to 25.
Glomac appoints FD Idzham Datuk Seri FD Iskandar as executive director
KUALA LUMPUR (Feb 4): Glomac Bhd has announced the appointment of FD Idzham Datuk Seri FD Iskandar, 28, as group executive director, effective Feb 3, marking the entry of the third generation into the property developer’s leadership.
IJM gets one-month extension to submit independent circular on Sunway's takeover bid
KUALA LUMPUR (Feb 3): IJM Corp Bhd has obtained approval from the Securities Commission Malaysia (SC) to extend the timeline for the submission of its draft independent advice circular (IAC) in relation to Sunway Bhd’s proposed takeover.
Sunview clarifies sharp reversal in financial position
KUALA LUMPUR (Feb 3): Sunview Group Bhd has clarified that there was no discrepancy in its contract cost position, following a sharp reversal in its financial position, which saw a massive swing between its unaudited and audited figures.
IJM shares slide following anti-graft probe
KUALA LUMPUR (Jan 20): Shares of IJM Corporation Bhd (KL:IJM) fell on Tuesday's opening, a day after the company said officers from the Malaysian Anti-Corruption Commission (MACC) and the Inland Revenue Board (IRB) were present at the company’s office on Monday (Jan 19) to "obtain information as part of their process".
IJM says MACC, IRB officials visited its office to gather info; Azam Baki confirms probe
Sunway, which announced on Jan 12 its intention to acquire IJM, is offering to snap up shares in the latter for cash of 31.
Bursa approves Perak Corp’s regularisation plan to lift PN17 status
The regularisation plan, outlined by Perak Corp in February last year, consist of a capital reduction, a joint development project, RM89.
Crescendo pays special six sen dividend despite 31% drop in 3Q profit
"Crescendo also noted that the recent 25-basis-point cut in Bank Negara Malaysia’s Overnight Policy Rate is expected to create a "favourable environment for homebuyers and investors".
Sarawak Economic Development Corp no longer a substantial shareholder in Cahya Mata Sarawak
The share disposal comes as CMSB grapples with weaker financial performance.
