News by theedgemarkets.com

In a bourse filing, the company said its wholly-owned subsidiary FBO Land (Setapak) Sdn Bhd has inked a conditional sale and purchase agreement with Eastland, Top Land Resources Sdn Bhd, Mentiga Development & Construction Sdn Bhd and Leading Ventures Sdn Bhd for the purchase of the commercial units for RM24.8 million, to be satisfied via the issuance of 381.54 million new shares at 6.5 sen apiece.

In a bourse filing on Friday (March 18), Lebtech said its subsidiary Lebtech Energy Sdn Bhd (LESB) entered into the MoU with SIO on March 14.

CGS-CIMB analyst Ngo Siew Teng said with the declining household income due to Covid-19, higher property overhang, potential interest rate hikes, rising construction costs and absence of the Home Ownership Campaign (HOC) in 2022, she remained cautious on the overall property market as buyer sentiment could be impacted by these key headwinds.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.

In a bourse filing on Thursday (March 17), Vizione said it has entered into a memorandum of understanding (MoU) with HWGE to explore cooperation in the potential venture.

In a Bursa Malaysia filing on Thursday (March 17), the property developer’s quarterly revenue ticked higher by 5.14% to RM533.42 million from RM507.35 million, arising from cost savings on completed and near completion phases. 

The Serenade forms part of The Glades, a 56-acre master planned development with a low density of only eight units per acre. The freehold, gated-and-guarded enclave has good connectivity and accessibility to commercial hotspots, hospitals, international schools, and public transportation hubs

The group also attributed the lower net loss to higher contributions from West Village and Yarra One, which were partially offset by lower realised and unrealised gain on foreign exchange and other income.

The group, via wholly-owned unit Siangtronics Technology Sdn Bhd, entered into an agreement with manufacturer of industrial equipment SRM Integration (Malaysia) Sdn Bhd for the sale of the two-storey factory-cum-office building.

Sunway said Berkshire through its branch in Singapore will issue a qualifying certificate bond of S$37.1 million (approximately RM114.39 million) that is 10% of the price of the land in Yew Siang Road, Singapore acquired by Hoi Hup Sunway Kent Ridge Pte Ltd (HHSKR), an associate company of Sunway, in favour of Singapore Land Authority (LDAU)