News by M

Mah Sing Group Bhd has introduced its Business Incentive Grants, or BIG programme, to owners of its Savanna Lifestyle Shops in Southville City.

Eco World International Bhd (EWI) shares rose 2.88% in early trade this morning after the company posted a narrower net loss of RM24.82 million in 2QFY17, compared with RM60.82 million a year earlier.

Metronic Global Bhd is planning to consolidate every three ordinary shares in the company into one share (3-into-1), followed by a rights issue with free warrants, that could raise as much as RM32.27 million.

MRCB is buying three parcels of land from Kuala Lumpur City Hall (DBKL) for RM335.5 million cash.

Protasco Bhd has bagged a RM174.4 million  infrastructure works contract from Central Spectrum (M) Sdn Bhd.

Managing director Chung Soo Kiong said the group is on track to deliver higher revenue in the year ending Dec 31, 2107 (FY17), compared with FY16's revenue of RM1.79 billion. Net profit for FY16 stood at RM123.52 million.

Mirvac is a real estate group listed on the Australian Stock Exchange, and creates, owns and manages a portfolio of assets across the office, retail, industrial and residential property sectors in Australia.

Iskandar Waterfront City Bhd (IWC) shares gained 3.77% after hitting a 10-year high in May, following speculations among investors over its probable win of the new Bandar Malaysia deal.

Vivocom International Holdings Bhd rose 4.17% in early trade this morning.

During a property market slowdown like now, the auction market could be a place to find a bargain.