Kerjaya Prospek proposes 6-for-5 bonus issue
The group's current outstanding orderbook amounted to RM3.2 billion and year-to-date win for year 2017 contract totalled to RM1.4 billion.
The group's current outstanding orderbook amounted to RM3.2 billion and year-to-date win for year 2017 contract totalled to RM1.4 billion.
The group plans to develop the land into condominiums, car parks and other facilities, with an expected GDV of RM1.14 billion.
Paramount Corp Bhd will construct four blocks of high rise residential buildings consisting of 1,600 units, including 20% affordable units.
The group will continue to reinvent affordability by developing quality homes in strategic locations with prices that the rakyat can afford.
Sime Darby Property Bhd's chairman Tan Sri Abdul Wahid Omar said the group will be looking for partners to develop its landbank, and it will also sell parcels to unlock value.
But chairman says real value creation is not about today.
Both parties inked an agreement yesterday to set up an unincorporated consortium on a 50:50 basis to participate in the tender.
The group also expects to conclude the share purchase agreement with the shareholders of Asian Finance Bank (AFB) in the first quarter of 2018.
Genting Malaysia said it remains optimistic about the growth potential of the leisure and hospitality industry in the medium to long term.
Genting said the hefty impairment losses of RM252.8 million were mainly in respect of the UK casino licences compared with RM16.1 million in the previous corresponding quarter.