MRT Corp awards RM2.74b contracts to Gadang, SunCon, TRC and Acre Works
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded work packages worth a total of RM2.74 billion to four companies for the MRT2 construction.
Cahya Mata FY17 earnings seen to grow 39%
The jewel of Sarawak conglomerates, Cahya Mata Sarawak Bhd, focuses on a wide range of businesses — cement, construction materials and trading, construction and road maintenance, information and communications technology, property development and strategic investments.
IWC-IWH merger deal stirs strong market interest
Iskandar Waterfront City Bhd (IWC) shares, which resumed trading yesterday following the announcement that it is merging with its parent Iskandar Waterfront Holdings Bhd (IWH), climbed as much as 10.4% before paring some of the gains to settle at RM1.76 — still up 12 sen or 7.32% compared with its last traded price last Friday.
LBS Bina plans rights issue to raise up to RM166m
Property developer LBS Bina Group Bhd has proposed a rights issue to raise up to RM165.6 million to fund its projects and general working capital requirements.
Country Garden closes all China sales centres
Hong Kong-listed Country Garden Holdings Co Ltd has closed all sales centres in China for its Forest City housing project in Johor, according to a South China Morning Post report yesterday.
Just In: Sony PS4 passes 50 million mark
Sony Interactive Entertainment recently passed the 50 million mark for the PlayStation 4 (PS4) consoles sold since the gaming console was officially made available in November 2013.
Challenges abound in cross-border property transactions
Every country has its own set of challenges but among the main hurdles faced by investors, including Malaysians, when it comes to investing in properties overseas are financing and legal issues. This was raised during a forum at the recent two-day Malaysian Annual Real Estate Convention 2017 (MAREC‘17), organised by the Malaysian Institute of Estate Agents (MIEA) on March 3 and 4.
Bandar Malaysia land included in merger exercise, says IWH
Iskandar Waterfront Holdings Sdn Bhd (IWH) says its Bandar Malaysia land is also included in the corporate exercise announced yesterday which involves the group merging with Iskandar Waterfront City Bhd (IWC).
CMS units still major beneficiaries of Pan Borneo Highway Sarawak job
Cahya Mata Sarawak Bhd’s (CMS) cement and construction materials divisions remain major beneficiaries of the Pan Borneo Sarawak Highway and would support earnings into 2017 with physical works expected to accelerate in the second half of 2017.
‘Sultan of Johor and Lim to sell land to merged IWH’
Iskandar Waterfront City Bhd (IWC) announced a proposed merger with its major shareholder Iskandar Waterfront Holdings Bhd (IWH) through a one-for-one share swap exercise in which IWH would take over the listing status upon completion.
