KUALA LUMPUR (June 20): The deal announced by developer S P Setia Bhd on Monday (June 19) pertaining to the divestment of 500 acres of freehold land in Semenyih, Selangor to peer Mah Sing Group Bhd for RM392.04 million, has been viewed positively by analysts in general. The land has an estimated gross development value…
Read MoreKUALA LUMPUR (June 20): Sunway Healthcare Group has unveiled its flagship senior living residence, Sunway Sanctuary in Bandar Sunway, Petaling Jaya, Selangor. Connected to the Sunway Medical Centre, Sunway Sanctuary sits atop Tower D of Sunway Medical Centre from Level 15 to 30. Catering to seniors above 55 years old, Sunway Sanctuary offers 235 units…
Read MoreKUALA LUMPUR (June 20): Due to higher construction material prices, TCS Group Holdings Bhd has scrapped its plan to develop a condominium project, known as Arcadia, in Kuala Langat, Selangor. The group, through its wholly owned units TCS Construction Sdn Bhd and Saujana Permai Development Sdn Bhd, had mutually agreed to terminate the letter of…
Read MoreKUALA LUMPUR (June 20): Datuk Noorazman Abd Aziz is resigning from his post as chairman of UEM Sunrise Bhd from July 1, after he was redesignated to chairman of CTOS Digital Bhd on May 26. According to the property developer’s bourse filing on Tuesday (June 20), UEM Sunrise cited the reason for the resignation of…
Read MoreKUALA LUMPUR (June 20): Scientex Bhd’s net profit rose 24.28% to RM109.78 million for the third quarter ended April 30, 2023 (3QFY2023) from RM88.33 million a year earlier, carried by the group’s property development business’ higher progress billing and robust demand for new launches. Earnings per share jumped to 7.08 sen as compared to 5.7…
Read MoreLocation map of Mah Sing’s Glengowrie Estate township. KUALA LUMPUR: Mah Sing Group Bhd (Mah Sing) has acquired 500 acres of freehold land in Semenyih from SP Setia Bhd, via its subsidiary Petaling Garden Sdn Bhd, for a cash consideration of RM392mil. The group entered into inter-conditional sale and purchase agreements with Elite Park Development Sdn…
Read More“The proposed disposals are undertaken for the purpose of reducing the cost associated with maintaining the loss-making subsidiary, ie Signature Facade and thereby improving the balance sheet of Signature Group.” KUALA LUMPUR (June 20): Kitchen cabinet maker Signature International Bhd is selling its aluminium and facade businesses for RM17.53 million amid increasing challenges in the…
Read MoreUEM Sunrise to unveil The Connaught One, a transit-oriented development in Cheras KUALA LUMPUR (June 20) – UEM Sunrise Bhd is set to unveil its highly anticipated transit-oriented development (TOD) project, The Connaught One, in Taman Connaught, Cheras on Saturday, June 24. The prime location of this development near the Taman Connaught MRT Station offers residents unparalleled…
Read MoreThe enlarged issued share capital of approximately one billion shares will translate to a market capitalisation of approximately RM800 million. KUALA LUMPUR (June 20): SkyWorld Development Bhd has unveiled its initial public offering (IPO) prospectus today, with a targeted yearly dividend payout ratio of 20%. The launch, held at its newly completed The Valley Residences…
Read MoreBon Kiara – Central Park & Treewalk Bon Kiara – Mediteranean Style Homes Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”. KUALA LUMPUR (June 17): BON Estates is unveiling its latest prestigious…
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