News by THEEDGEMARKETS.COM

In a bourse filing on Tuesday (March 22), Encorp said the project will be split into two phases for the development of 25 acres and 21 acres, respectively.

Paradox will make its debut in Vancouver, Canada, with its flagship hotel, Paradox Hotel Vancouver, set to open its doors in April this year. The brand will also be introduced in Southeast Asia, with Paradox Resort & Residences Phuket that was recently opened in January and Paradox Singapore Merchant Court at Clarke Quay in April. 

In a note on Tuesday (March 22), the research house said it is optimistic on the rental prospects of this asset as quality office space is highly sought after with the expansion of regional technology/telecommunication sectors in recent years.

Delphy comprises 177 double-storey link homes with a gross development value of RM108 million. All the units are 20ft by 75ft and come with four bedrooms and three bathrooms, with a built-up of 1,800 sq ft. They are priced from RM662,800.

The project from Syarikat Muhibbah Perniagaan Dan Pembinaan Sdn Bhd was awarded to Gabungan AQRS' wholly-owned Gabungan Strategik Sdn Bhd on Monday (March 21), according Gabungan AQRS' bourse filing.

"As such, bullish momentum above that level may propel the stock towards 86 sen or the 52-week high, followed by the 90 sen threshold.

In a bourse filing, the company said its wholly-owned subsidiary FBO Land (Setapak) Sdn Bhd has inked a conditional sale and purchase agreement with Eastland, Top Land Resources Sdn Bhd, Mentiga Development & Construction Sdn Bhd and Leading Ventures Sdn Bhd for the purchase of the commercial units for RM24.8 million, to be satisfied via the issuance of 381.54 million new shares at 6.5 sen apiece.

In a bourse filing on Friday (March 18), Lebtech said its subsidiary Lebtech Energy Sdn Bhd (LESB) entered into the MoU with SIO on March 14.

CGS-CIMB analyst Ngo Siew Teng said with the declining household income due to Covid-19, higher property overhang, potential interest rate hikes, rising construction costs and absence of the Home Ownership Campaign (HOC) in 2022, she remained cautious on the overall property market as buyer sentiment could be impacted by these key headwinds.

In a statement on Friday (March 18), the company said it is acquiring the stake for RM104.4 million, adding that this synergistic acquisition would help the group expand its product range from building materials into high value-added safety glass products, metal roofing, metal door and window frames.