News by M

Among the participating investors are affiliates of Beacon Capital Partners, a real-estate developer, owner and manager of office properties in major US markets.

The contract, which would see it undertake piling and basement substructure works for the mixed project, was awarded to its wholly-owned unit Econpile (M) Sdn Bhd on Feb 21, from Domain Resources Sdn Bhd. The contract is for a duration of 28 months.

In its evening edition yesterday, the research house said UEMS continued to trade above the 20-day and 50-day moving average lines.

IOI Properties’ overall new property sales in the second quarter (2Q) of FY2017 rose to RM795 million, from RM731 million in 1QFY2017, bringing 1HFY2017 sales to RM1.5 billion.

Move aimed at removing him from group that owns financially troubled property — WSJ

Iris Corp Bhd, which has been thrust into the limelight after its deputy managing director Datuk Hamdan Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission for alleged graft...

Jaks Resources has commenced the construction of a power plant, which it will operate for 25 years, in Hai Duong Province, Vietnam. The construction works have helped to boost its earnings substantially.

Revenue for the quarter dropped 44% to RM87.49 million from RM158.13 million a year earlier, its bourse filing today showed. It declared a single-interim dividend of 1.5 sen for the period, to be paid on a date to be fixed.

Shanghai has emerged as the top city for real estate investment in Asia Pacific as of 4Q2016. It is also ranked fifth globally as a real estate investment market in 2016, according to international real estate firm JLL.

UOA Development also benefitted from a surplus of RM338.26 million, following the revaluation of several of its investment properties, including Vertical Corporate Tower A and The Sphere at Bangsar South, as well as Camellia Serviced Apartments.