News by M

EcoFirst Consolidated Bhd (KL:ECOFIRS) has reported a 66.5% drop in fourth-quarter net profit to RM13.95 million, from RM41.70 million a year earlier, weighed down by reduced fair value gains on investment properties and higher costs.

UEM Sunrise Bhd (KL:UEMS) unveiled the sales gallery of its One Oval mixed-use development in Perth, Australia on Wednesday.

Paramount Corp Bhd (KL:PARAMON) has no plan to acquire additional F&B businesses after the acquisition of a 28% stake in Singapore-listed Envictus International Holdings Ltd, said group chief executive officer Jeffrey Chew Sun Teong.

Noteworthy:

• Freehold
• Built-up size: 2,700 sq ft
• Land size: 3,519 sq ft
• 4 bedrooms, 3 bathrooms
• Unfurnished
• Nearby amenities: KSL City Mall, Johor Bahru City Square, KPJ Specialist Hospital Johor, SMK Sultan Ismail
• Accessibility: Pasir Gudang Highway, Eastern Dispersal Link, Jalan Tebrau, Jalan Tun Abdul Razak

When: March 2025

The Selangor State Development Corporation (PKNS) yesterday organised a preview/industrial showcase of GRIP Kota Puteri Phase 1 to promote the industrial development project featuring 52 modern semi-detached factory units and 13 industrial land lots.

S P Setia Bhd conducted a ground breaking ceremony for its flagship development, Setia Garden Residences in Ho Chi Minh City, Vietnam on July 26.

Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF), has awarded LBS Bina Group Bhd (KL:LBS) development rights for an RM8.3 billion residential project in the Kwasa Damansara township.

KLK Land Sdn Bhd, the property arm of Kuala Lumpur Kepong Bhd (KL:KLK), is partnering with Kuen Cheng Holistic Education Bhd to build the second Kuen Cheng high school, named Kuen Cheng High School 2, at KLK Land's Bandar Seri Coalfields development in Sg Buloh, Selangor.

Property developer Paramount Corp Bhd (KL:PARAMON) plans to acquire a 28% stake in the operator of Texas Chicken and San Francisco Coffee in Malaysia for S$38.33 million (RM126.32 million) cash, as it looks to expand its footprint in the food and beverage (F&B) sector.

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) logged higher net property income (NPI) for the second quarter on the back of higher rental income.