News by M

Axis REIT’s 9MFY16 revenue increased marginally to RM125 million (+0.9% y-o-y), driven by additional contribution from Beyonics i-Park Campus, Johor, and better rental reversion rates across its other properties…

A final and single dividend of 1.75 sen was proposed, amounting to a payout of RM2.1 million for the financial year ended Aug 31, 2016 (FY16) — the same quantum as FY15's.

For the three months ended Aug 31, 2016, EcoFirst's revenue declined 25% year-on-year to RM17.54 million from RM23.33 million, the group's bourse filing today showed.

The freehold development by the Lembaga Tabung Haji subsidiary is located on a 6.97-acre site and is set for completion in September next year. It has a gross development value of RM54.25 million.

“Vizione is a construction-based company. Property will be our second income [stream],” its chairman Datuk Dr Raman Ismail said.

According to PMB’s filing with the bourse, RM13.5 million out of the total consideration will be for the purchase of the 41,799ha land, while the balance RM2.5 million will be used to purchase plant and machinery for the manufacturing and fabrication of aluminium-related products.

MIC Youth Chief C Sivarraajh today said in a statement that he was shocked by the insensitivity of the PR1MA housing board to organise its draw on Deepavali.

Its net profit increased 5.6% to RM68.77 million in 3QFY16 from RM65.13 million in 3QFY15, while revenue grew 4.1% to RM125.88 million from RM120.96 million during the same period under review.

Minister in the Prime Minister's Department Datuk Seri Shahidan Kassim said another 25 units were still under construction and would be handed over to flood victims in stages by month's end.

CapitaLand has announced the establishment of its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III) — which fully closed at US$1.5 billion (RM6.25 billion) and has a life of eight years.