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The land, which comprises 42 parcels, is located in the districts of Labuk and Sugut in Sabah.

UOA Development said the group’s revenue and profit for the quarter under review were mainly derived from the progressive recognition of the group’s ongoing development projects.

GBH's wholly-owned unit GBH Land Sdn Bhd is buying the land, measuring 9,925 sq metres, from Puncak Melati Sdn Bhd

OSK Holdings Bhd has proposed to issue up to 820.31 million bonus shares to reward its shareholders, while expanding its share base.

The strong growth was attributable to higher income from net financing/loans, investment activities and lower cost of funds.

The centre will adopt the structure and technology of IKEA’s biggest regional distribution centre in Germany and will be one of the company’s largest regional distribution centres globally.

The revenue fall was due to the property development division’s weaker contribution as it had not launched any new projects because of weak sentiments.

Mah Sing has reported an asset turnover ratio of 49% on average for the past five years.

The award is evaluated based on the company's compound profit before tax growth for a period of three years, whereby S P Setia did not pose any losses throughout the period.

Co-working centres continue to expand globally, according to Deskmag’s Global Co-working Survey 2017.