News by M

Tropicana’s earnings per share dropped to 1.6 sen a share from 6.45 sen a share previously, its filing to Bursa Malaysia yesterday showed

The 50-acre (20.23ha) Wellness City of Dreams has a gross development value (GDV) of RM15 billion. The project will feature a resort-styled development comprising a wellness mall for healthcare, retirement homes and alternative medical care.

For the full year, the group’s profit fell to RM17.3 million in 4QFY15 from RM29.7 million in the same period last year while revenue halved to RM66.5 million from RM146.6 million

Sri Rakyat recorded the highest growth of average price per square foot (psf), up 30.7% y-y to RM175 psf in the 12 months to 3Q2014

The group announced to Bursa Malaysia yesterday that its unit Pertanian Taman Equine Sdn Bhd has signed a conditional sale and purchase agreement with Kemaris Residences Sdn Bhd for the proposed disposal

Based on transactions analysed by theedgeproperty.com, the average price psf of condominiums and apartments in the area was RM444 psf in 3Q2014, up 19.3% y-o-y.

WCT is expected to net RM107 million from the rights issue, which was issued at RM1 per share. By the same token, the exercise price for the new warrants is RM2.08 per share and could potentially raise a further RM500 million.

The group attributed the drop mainly to the decrease in revenue recognition form the sales of industrial properties, which generally demanded a higher profit margin

Bukit Jalil is quite diverse in character

According to Affin Bank managing director and chief executive officer Kamarul Ariffin Mohd Jamil, the purchase price of RM255 million means that the price per gross floor area would be RM309.67 per sq ft, while the plot ratio will be 15.2 times