Hektar Real Estate Investment Trust (Hektar REIT)’s third quarter net property income (NPI) rose 77.2% to RM18.31 million from RM10.34 million a year earlier, mainly due to higher revenue recognition and improved NPI margin, besides reversal of impairment losses of trade receivables.
Hana Residences is slated for completion in the third quarter of 2025 and has a total gross development value of RM403 million.
This is the REIT's second cash call in less than a year after it completed a private placement on Dec 20, 2021, which raised gross proceeds of RM334.72 million.
This was mainly attributable to higher contribution from the property development division and lower loss incurred by the hospitality division.
The kitchen cabinet manufacturer said the entitlement date will be determined later.
Shares in Signature International surged as much as 36 sen or 13.7% to RM2.98, while Chin Hin climbed to an intraday high of RM3.39, up 24 sen or 7.6%.
The award is given to NGOs that have demonstrated excellent track records in occupational safety and health management.
Impiana Hotels Bhd’s wholly-owned subsidiary Impiana Cherating Sdn Bhd has been served a winding up petition by Axventure Sdn Bhd over an unpaid amount relating to the redevelopment of a resort.
KLCCP Stapled Group reported a 30.43% rise in net profit to RM176.59 million for the third quarter ended Sept 30, 2022 (3QFY22), from RM135.39 million a year earlier, on the back of improved performances across all business segments.
Sentral REIT's net property income for the third quarter ended Sept 30, 2022 (3QFY22) declined 12.5% to RM28.4 million, from RM32.47 million a year earlier.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
