S P Setia to establish sukuk programme worth up to RM3b
MARC has assigned a preliminary rating of AA-IS with a stable outlook to the sukuk programme.
Construction, property segments pull Gadang 3Q net profit down 10% q-o-q
Its revenue fell 17.37% quarter-on-quarter (q-o-q) to RM138.91 million from RM168.12 million, dragged mainly by lower construction activities and lower work progress for its property development projects, the company’s filing with the local bourse showed.
Sunsuria terminates JV with Taiwanese firm, to develop Salak Tinggi land on its own
SCSB has taken over Welcome Global's shares in SESB and will develop the property on its own since the property is located within its development project at Sunsuria City, Sepang
Guocoland back in the black in 3Q, thanks to land disposal
On top of the disposal of the Jasin land worth RM260.2 million, the group attributed the better profitability to the positive contribution from its ongoing development, namely Emerald Hills and Emerald 9 in Cheras
Magna Prima's auditor flag material uncertainty as group's liabilities exceed assets by RM108m
Messrs HLB Ler Lum said the group’s and company’s current liabilities exceeded its current assets by RM108.37 million and RM309.19 million, respectively as of the financial year ended Dec 31, 2020 (FY20).
Vaccines and pent-up demand drive to boost businesses, says Sunway Group founder Jeffrey Cheah
"We have survived with the pent-up demand; more vaccines being rolled out and with Covid-19 cases coming down, I think [consumers'] confidence will come back," Cheah said during a media briefing on the economic recovery.
Rehda: 12,640 property units launched in 2H20, with total sales of 5,742 units
Residential units made up almost all of the sales with a total of 5,736, including 2,467 units of two- and three-storey terrace houses, 1,225 units of serviced apartments and 1,082 units of apartments/condominiums.
Gamuda's subsidiary SRS Consortium to undertake development of Island A
Gamuda said Penang state government on March 25 accepted the terms of project development of Island A, whereby the project shall be implemented via a project development model through a joint venture with the state government.
Yong Tai expands into gold mining business
Yong Tai said the mining area was in operation over the last five years with proven gold mined, giving a better exploration database and detailed geological models, which translated into reduced risks and huge discount on capital costs.
Challenging year ahead for retail, hospitality segments, says KLCC REIT
In its 2020 annual report, KLCC REIT chairman Tan Sri Ahmad Nizam Salleh said the second Movement Control Order, which came into effect on Jan 13, 2021, is expected to delay recovery in the retail and hospitality sectors.
