BAssets narrows 1Q net loss on higher revenue and share of profits from JV firms
This is the 11th consecutive quarter of loss for the group since 3QFY20.
Pavilion REIT inks deal to buy Pavilion Bukit Jalil mall from Malton for RM2.2 bil
Pavilion Bukit Jalil mall, located in Bukit Jalil, has a net lettable area of 1.8 million square feet. The mall houses five levels of retail space, two levels of basement parking with 4,800 car park bays and a piazza.
KLIA Aeropolis carved out of KLIA operating agreement; gets long-term land lease of 99 years
Previously, the short-term lease was a major factor making investing in KLIA Aeropolis less attractive, as MAHB could only grant investors leases until 2034, coinciding with the end of its concession to operate KLIA.
Lagenda Properties says 3Q net profit down 21.54%, adopts 25% dividend policy
Lagenda Properties Bhd saw its third quarter net profit decline 21.54% to RM35.73 million from RM45.54 million a year earlier, mainly due to upfront costs incurred in preparation for future project launches and the provision for prosperity tax.
Signature International’s co-founder ceases to be EcoFirst’s substantial shareholder
Datuk Michael Chooi Yoey Sun, who emerged as the property developer’s substantial shareholder in January this year, disposed of 10 million shares on the open market on Monday (Nov 7), according to a Bursa Malaysia filing.
EcoWorld says its unit will no longer hold shares in MySejahtera-linked MySJ
The announcement comes following a consent judgement entered on July 28 for Entomo (formerly known as KPISoft Malaysia Sdn Bhd) and Raveenderen to purchase all of HBSB’s shares in MySJ.
Pavilion REIT’s 3Q NPI jumps 90% on higher revenue, lower property operating expenses
Pavilion Real Estate Investment Trust, which is still in the midst of discussion to buy Pavilion Bukit Jalil mall from Malton Bhd, posted a higher net property income (NPI) of RM90.22 million in the third quarter ended Sept 30, 2022 (3QFY22).
Oriental Interest declares five sen dividend as 4Q earnings surge more than five-fold
Oriental Interest Bhd (OIB) recorded a more than five-fold jump in net profit to RM27.64 million or 5.95 sen per share for the fourth quarter ended Aug 31, 2022 (4QFY22), from RM5.12 million or 1.37 sen per share in the previous year’s corresponding quarter.
NCT Alliance ups private placement size to raise RM65 mil
NCT Alliance Bhd has increased the size of its private placement to 15% of total issued shares from 10% proposed less than one month ago, to raise a higher sum of up to RM65.16 million, from up to RM48.37 million previously.
No extension of time for issuance of annual report, Bursa tells Top Builders Capital
Top Builders, formerly known as Ikhmas Jaya Group Bhd, said it is currently working with auditors to revise the timeline for completing its audited financial statements before the Oct 31 deadline.
