KLK appoints Leong Sean Meng as acting group CFO

KUALA LUMPUR (July 2): Kuala Lumpur Kepong Bhd (KLK) has appointed Leong Sean Meng as the acting group Chief Financial Officer (CFO) with immediate effect upon the resignation of the Group CFO Soon Wing Chong, reported Bernama today.

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FY18 to see flat profit growth despite stronger 9M — Titijaya

KUALA LUMPUR (July 2): Developer Titijaya Land Bhd may have achieved a marginally stronger performance in its first nine months of the 2018 financial year (FY18), but the group is not expecting its earnings to improve by much for the full year, due to the prevailing weak buying sentiment, according to deputy group managing director Lim Poh Yit.

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Bina Puri hopes to sustain momentum despite property slump

KUALA LUMPUR (July 2): Construction company Bina Puri Holdings Bhd is hoping to sustain last year’s financial performance at the very least, given that the property market remains tepid, while drastic cost cuts by the new Pakatan Harapan government have derailed several key projects.

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Pasarakyat’s Jho Low connection

PETALING JAYA (June 30): Ladang Impian 1 Sdn Bhd (LI1SB) which held a 15-year lease upon on the four acres upon which Pasarakyat was located, was paid RM35 million to terminate its lease seven years ahead of its expiry on January 1 this year, reported The Edge weekly.

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Ahmad Zaki Resources sees improved bottom line for FY18

KUALA LUMPUR (June 29): Ahmad Zaki Resources Bhd (AZRB) is anticipating a positive outlook and an improved bottom line for the financial year ending Dec 31, 2018 (FY18), on the back of ongoing projects and better performance from its plantation division.

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