MK Land unit selected as solar power producer
MK Land Holdings Bhd said its wholly-owned subsidiary Solar Citra Sdn Bhd (SCSB) has been selected to be a solar power producer under the Corporate Green Power Programme (CGPP).
Majuperak sells back 51% stake in property developer after project fails to achieve sales target
Thirty months after acquiring a 51% stake in the developer of Nexus Residence in USJ Subang West, Majuperak Holdings Bhd has decided to sell back the stake after the vendor failed to achieve the required 50% sale of the units in the project.
AME REIT aims for 100% lease renewal, targets RM100 mil acquisition to expand portfolio
AME Real Estate Investment Trust (REIT) is aiming for 100% renewal of its 12 leases expiring in the financial year ending March 31, 2024 (FY2024) to reinforce the industrial REIT’s future earnings.
Country Garden woes raise concerns over cross-default on local bonds
Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.
MRT Corp teams up with HK's MTR Corp to undertake 'rail plus property' model development near RTS Link station in JB
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) on Friday (July 28) inked a memorandum of understanding with Hong Kong's public transport operator and property developer MTR Corp Ltd to undertake a mixed development project on a land adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru.
Govt to provide up to RM5b in loan schemes to facilitate first-home purchases
The government has announced that it will provide up to RM5 billion in loan schemes under the Housing Credit Guarantee Company (SJKP) to facilitate first-home purchases.
CapitaLand Malaysia expects strong consumer spending to support growth momentum for remaining of FY2023
CapitaLand Malaysia Trust (CLMT) expects its earnings momentum to sustain in the second half of this year, bolstered by strong consumer spending and positive rental reversion coupled with contributions from newly acquired assets.
SkyWorld Development aims to maintain above 20% ROE with RM4.08 bil new launches in next three years
SkyWorld Development Bhd is committed to achieving a return on equity (ROE) of over 20% for its shareholders going forward.
Glomac's 4Q net profit down 16% due to higher expenses and finance costs
Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs.
Paramount aims higher sales of RM1.2 bil in FY2023 amid softer outlook
Paramount Corp Bhd has set a sales target of RM1.2 billion for the financial year ending Dec 31, 2023 (FY2023), representing about a 10% increase against the RM1.1 billion sales achieved in FY2022.
