The purchase will enable it to construct and possess its own corporate office building, and allow it to consolidate its existing operations located in Bayan Baru and Batu Maung under one roof to improve and enhance operational efficiencies.
Net profit plunged by a steep 80% to RM14.94 million from RM74.54 million in the same period a year ago due to absence of revaluation surpluses.
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
Imperia Building’s selling price represents a 4.2% premium to the market value of RM124.8 million, as appraised by Knight Frank Malaysia Sdn Bhd.
Land & General said its proposal to acquire Pembinaan Jaya Megah will expand its landbank
Prinsiptek currently has a construction order book of RM600 million, which should last it between three and five years
Higher marketing and administrative expenses also curbed profit, Bina Darulaman said in a filing with Bursa Malaysia today
Weaker financials notwithstanding, Boustead declared its first interim dividend of 5 sen per share in 1QFY15, which will be paid on June 30, 2015
Malton said Harmoni Perkasa is a wholly-owned unit of Urusharta Cemerlang Sdn Bhd
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