News by Justin Lim

GuocoLand (Malaysia) Bhd's net profit for the fourth quarter ended June 30, 2022 (4QFY22) jumped over three times to RM23.79 million from RM7 million a year before, due to higher contribution from the property development division and lower loss incurred by the hospitality division.

This comes after Aspen Group ventured into glove-making business in August 2020 and set up its glove manufacturing plant at Kulim Hi-Tech Park in Kedah. Its glove unit is operating under the name Aspen Glove Sdn Bhd (AGSB), which is a joint venture between Aspen Group and CMY Capital Sdn Bhd, an investment holding company founded by businessman Tan Sri Chua Ma Yu.

"The proposed debt settlement as well as the listing of and the quotation for the new settlement shares will be implemented after the proposed share consolidation and proposed bonus issue of warrants," said the property developer in a filing with Bursa Malaysia.

In a bourse filing, ES Ceramic said the acquisition will be satisfied via a combination of RM65 million cash and the remaining RM18 million will be paid in the form of new ES Ceramic shares, at an issue price of 32 sen per share.

This represented 66.2% of the total 300,397 property transactions recorded in 2021 and 53.1% of the total property value transacted of RM144.87 billion, based on data released by the National Property Information Centre (NAPIC), which operates under the Finance Ministry’s Valuation and Property Services Department (JPPH).

The year 2021 saw 300,497 property transactions worth RM144.87 billion recorded, up 1.5% and 21.7% y-o-y respectively, NAPIC said in a statement in conjunction with the release of its Property Market Report 2021.

Under the JV, Europlus is entitled to get RM62.11 million in return for granting JMSB the exclusive right to build homes on the plots — comprising 411 units of double-storey terrace houses on one of the plots (Land 1 measuring 11.3ha), and 710 units of double-storey terrace houses on the other plot (Land 2, measuring 20ha).

According to the Bond and Sukuk Information Exchange (BIX) website, the IMTN will pay a semi-annual coupon rate of 3.48%, with the first coupon payment date targeted for Sept 29, 2022, while the last coupon payment date will be March 29, 2027.

“The Board of Directors of Malton wishes to announce that the validity period of the MoU, which was in force for a period of 12 months, has expired on March 25, 2022,” said Malton in a bourse filing.

The two parties inked a Memorandum of Understanding for this purpose on Friday, under which they will jointly formulate a comprehensive sustainable plan to develop and transform part of Gaya, Sapi and Bohey Dulang Islands into a prime destination for eco-tourism.