MRCB raising up to RM2.9 bil with surprise cash call
Malaysian Resources Corp Bhd (MRCB) proposes a one-for-one renounceable rights issue together with free warrants on the basis of one warrant for every five rights shares (one-for-five).
Expect Mah Sing’s proposed Titiwangsa project launch in FY18
Mah Sing Group Bhd has entered into an agreement to acquire 3.56 acres (1.44ha) of freehold land in Titiwangsa, Kuala Lumpur. We gather that Mah Sing plans to develop condominiums with an indicative built-up from 850 sq ft (priced from RM485,000) with a total gross development value of up to RM650 million.
Landmarks first-quarter net loss narrows on higher revenue
Landmarks Bhd, a 30.3% associate of Genting Bhd, narrowed its net loss to RM3.35 million or 0.7 sen loss per share in the first quarter ended March 31, 2017 (1QFY17), from RM6.59 million or 1.37 sen loss per share a year ago, on improved performance of its hospitality and wellness, and resort and destination development divisions.
Rehda Youth’s Mapex to attract 15,000 visitors
Rehda Youth hopes to attract some 15,000 visitors to the 2017 Rehda Youth Malaysia Property Exhibition.
UEM Sunrise expects lower sales of RM1.2 bil this year
Property developer UEM Sunrise Bhd is expecting to secure lower sales of RM1.2 billion this year, compared to the RM1.4 billion recorded last year, according to the group's managing director and chief executive officer Anwar Syahrin Abdul Ajib.
Asian Pac unveils Fortune Centra in Kepong, official launch this weekend
Asian Pac Holdings Bhd has unveiled Fortune Centra, its latest development in Kepong, Kuala Lumpur, at a media launch today. The serviced apartment project will be officially launched on May 20
Large landbank leaves UEM Sunrise on firm footing
With a landbank of 5,261ha and potential gross development value (GDV) of RM80 billion, developer UEM Sunrise Bhd remains a strong company, says outgoing chairman Tan Sri Ahmad Tajuddin Ali, Bernama reported today.
S P Setia expecting higher contribution from overseas projects in FY17
S P Setia Bhd said it expects stronger contribution from overseas projects this financial year ending Dec 31, 2017 (FY17), backed by its developments in Australia and UK.
Inta Bina IPO’s public portion oversubscribed by 42.74 times
The building contractor said a total of 12,574 applications for 1.17 billion new shares valued at RM292.64 million were received from the Malaysian public for 26.76 million new shares that were made available for public subscription.
