Impiana Hotels sells Cherating properties
PETALING JAYA: Impiana Hotels Bhd is selling 146 units of serviced suites in Cherating, Kuantan to Silver Max Asia Pacific Labuan Ltd for RM146 million.
MRCB's LRT3 progress billings expected to pick up in 2H
Malaysian Resources Corp Bhd (Aug 27, 72 sen) Maintain hold with a lower target price (TP) of 74 sen: Malaysian Resources Corp Bhd’s (MRCB) net profit of RM15 million (-72% year-on-year [y-o-y]) for the cumulative six months of financial year 2019 (6MFY19) is only 11% to 16% of the market consensus and our previous FY19 forecast of RM94 million to RM137 million.
Lower property billings push down MRCB's 2Q profit
KUALA LUMPUR (Aug 27): Malaysian Resources Corp Bhd’s (MRCB) net profit fell 67% in the second quarter ended June 30, 2019 as it recognised lower billings from its property development projects.
Representations from three entities accepted by prosecution in MACC forfeiture case
KUALA LUMPUR (Aug 23): The High Court here has today been informed that the prosecution has accepted the representation from Yayasan Rahah, Naza Quest Sdn Bhd and Ibrahim Awang Ismail in a civil forfeiture suit filed by the Malaysian Anti-Corruption Commission against 41 entities to recover approximately RM270 million of funds allegedly sourced from 1Malaysia Development Bhd (1MDB).
1MDB asset forfeiture: Two entities not objecting to third-party notice gazette
KUALA LUMPUR (Aug 6): Yayasan Penyelidikan Transformasi and K&Z Enterprise Sdn Bhd indicated to the High Court here today that they will not object to the gazette of third-party notice for forfeiture sought by the Malaysian Anti-Corruption Commission (MACC) over assets purportedly from 1Malaysia Development Bhd (1MDB).
Umno Pekan exco fails in bid to settle half of MACC forfeiture claim
KUALA LUMPUR (Aug 2): The Malaysian Anti-Corruption Commission (MACC) has rejected a settlement offer by one of the 41 respondents in its civil forfeiture suit to claim RM265.
VPEX 2019 - Rebates galore for buyers of Althea and Temasya 8 Business Suites
PETALING JAYA (July 29): The Malaysia Virtual Property Expo 2019 (VPEX 2019) is offering a host of goodies for buyers of participating projects including Temasya 8 Business Suites in Temasya Glenmarie and Althea semidee homes in Alam Impian, Selangor.
OBYU to let court know if it objects to forfeiture notice on July 31
KUALA LUMPUR (July 8): The High Court has fixed July 31 for case mention of the government's civil forfeiture suit against OBYU Holdings Sdn Bhd to recover RM680 million worth of goods and property, during which the company would inform the court on its decision to challenge the gazette of the forfeiture notice.
MACC’s 1MDB forfeiture suit: Seven respondents to appear in court today
KUALA LUMPUR (June 25): Five entities and two individuals — including Umno and Datuk Seri Hasan Malek, former domestic trade and consumer affairs minister — need to appear before the High Court today in relation to the civil forfeiture suit filed by the Malaysian Anti-Corruption Commission (MACC) to recover money allegedly misappropriated from 1Malaysia Development Bhd (1MDB).
Sun bear's stay in condo comes to an abrupt end
PETALING JAYA (June 8): Malaysians are increasingly used to living in condos, high rise and strata properties and it looks like this “lifestyle” has also been adopted by a furry citizen of ours.
