KUALA LUMPUR (July 4): Construction and mechanical and electrical (M&E) services provider LFE Corp Bhd is taking over the main building works of the phase two of a mixed development in Damansara that comprises a serviced apartment and a SOHO block with an office cum medical/health centre here for RM105 million, from its 51%-owned unit Cosmo Property Management…
Read MoreThe group remains optimistic and believes that there will still be demand for properties in prime locations in Tropicana’s established, matured and developing townships. KUALA LUMPUR (July 4): Property developer Tropicana Corporation Bhd (Tropicana) has redeemed its Sukuk Wakalah Programme’s RM465.5 million tranche due on June 30, 2023. This Sukuk Wakalah Programme was part of the RM1.5 billion Islamic Medium Term Notes Programme issued by the group. The management cited that the group will continue…
Read MoreKUALA LUMPUR (June 30): MK Land Holdings Bhd says it has valid and reasonable grounds to stay the enforcement of an RM18.36 million arbitration award that favours Crest Builders Sdn Bhd (CBSB), and to set it aside. The developer said this in a brief bourse filing on Friday (June 30), in which it also said…
Read MoreKUALA LUMPUR (June 30): UEM Sunrise Bhd’s The Connaught One in Cheras “witnessed an overwhelming response” during its launch over the weekend of June 24 and 25. The event which took place at Forest Valley Hall in Bandar Mahkota Cheras saw more than 800 attendees, among whom were from the company’s customer loyalty programme, Trésor…
Read MoreKUALA LUMPUR (June 30): Conlay Construction Sdn Bhd (CCSB) is the new main contractor for KSK Land Sdn Bhd’s flagship 8 Conlay development. According to a media release by the KSK Group, a Letter of Award was (LOA) signed between Damai City Sdn Bhd (Damai City), a wholly owned subsidiary of KSK Land, and CCSB…
Read MoreKUALA LUMPUR (June 30): SkyWorld Development Bhd announced today that the public portion of its initial public offering (IPO) has been oversubscribed. SkyWorld’s IPO involves a public issue of 208,000,000 new shares and offer for sale of 192,000,000 existing shares at RM0.80 per share in the following manner: 1 A retail offering of 75,000,000 shares…
Read MoreKUALA LUMPUR (June 28): A unit of Gagasan Nadi Cergas Bhd’s (GNCB) has accepted a sub-contract work of a development project in Petaling Jaya, Selangor from a unit of Paramount Corp Bhd worth RM75.74 million. In a bourse filing, GNCB said Nadi Cergas Sdn Bhd accepted the letter of award from Paramount Property Construction Sdn…
Read MoreKUALA LUMPUR (June 27): Malaysia Building Society Bhd (MBSB) is targeting to deliver a high return on equity (ROE) of 6.0%-6.5% this year, up from 5.2% in 2022, even as the Islamic commercial bank faces margin pressure arising from increasing cost of funds. “After four rounds [of overnight policy rate hikes by Bank Negara Malaysia]…
Read MoreKUALA LUMPUR (June 28): The Federal Land Development Authority (Felda) has announced the appointment of Datuk Seri Ahmad Shabery Cheek as its new chairman with effect July 1. Felda said the appointment would enable the continuity of Felda’s transformation effort in benefiting the existing settlers and also the new generation of settlers on the whole….
Read MoreKUALA LUMPUR (June 28): Real Estate and Housing Developers’ Association Malaysia (Rehda) has officially launched Rehda Institute Digital Resource Centre on Tuesday (June 27) at Wisma Rehda Kelana Jaya. The ceremony was officiated by Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir, accompanied by Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip, Rehda president…
Read More
