News by M

Our lives are becoming increasingly “smarter” as we move into the future. However, for the ordinary man on the street, can they afford to be smart?

The property division posted a deficit of RM15 million for 6MFY17 on start-up costs for its MyTown Shopping Centre.

Kossan’s wholly-owned unit Ideal Quality Sdn Bhd signed a Sale and Purchase agreement with property development firm Andalas Development Sdn Bhd for the purchase of the freehold industrial land, measuring 4.27 million sq ft.

The land will be developed into M Vertica, an integrated development with an estimated gross development value (GDV) of approximately RM2.2 billion.

Credit Guarantee Corporation launches CGC-Glenmarie LRT Station.

The company attributed the performance to a significant rise in property turnover and positive effect of cost saving measures and value engineering undertaken by the construction division.

Revenue from the property division was mainly derived from the disposal of land from the Kenny Heights joint venture project.

"The group's prospects remain positive with its property sales stood at RM799 million as at Aug 28, 2017, total unbilled sales of RM1.395 billion as at July 30, 2017, anchored by 18 ongoing projects and remaining landbank of 4,197 acres."

The stay will be in force until the Court of Appeal decides on the company's appeal against the High Court's decision to dismiss its application for a judicial review of the IRB action.

The company plans to launch more in 2HFY17.