News by M

MRCB recognised a gain of RM144.9 million from the sale of Menara Shell, and RM56.1 million from the sale of a leasehold land to Mass Rapid Transit Corp Sdn Bhd during the quarter.

Despite having no new launches slated for FY2017, management is targeting for property sales of RM500 million. This is solely derived from existing and incoming inventory amounting to around RM1 billion.

Its quarterly revenue was up marginally by 1.6% to RM149.32 million from RM146.93 million, mainly contributed by its construction segment, which generated RM102.9 million.

Kimlun has an estimated construction and manufacturing balance order book of approximately RM1.67 billion and RM260 million respectively as at Dec 31, 2016.

Worry-free retirement is something many people look forward to. However, with the rising cost of living, is it possible for a senior citizen to be entirely financially independent during his or her twilight years?

Known as The Shore, Titijaya said in a statement the project will be developed as the new waterfront premium class hub, with luxurious mixed-use units docked within a prime waterfront enclave.

The proposed development on the land would enhance its future revenue and earnings profits based on the land's value and its surrounding development.

On completion of the distribution, the shareholders will directly hold shares in Sime Darby Plantation and Sime Darby Property in the same proportion as their shareholdings in Sime Darby.

The construction and property development firm's net profit rose to RM26.22 million from RM4.76 million in 4QFY2015, while revenue swelled by more than 11 times at RM235.49 million from RM18.6 million.

Trio comprises three towers of serviced apartments, 42 units of commercial and a retail podium, with a gross development value of RM571 million.