News by izzul Ikram

Top Builders Capital Bhd said it is unable submit its unaudited financial report for the first quarter ended Dec 31, 2022 (1QFY2023) by Feb 28, as required under the Main Market Listing Requirements.

Berjaya Land Bhd (BLand) returned to the black in the second quarter ended Dec 31, 2022 (2QFY2023) with a net profit of RM84.39 million, versus a net loss of RM23.93 million a yaer earlier, extending its profitability streak for the second consecutive quarter.

Sunway Bhd posted a net profit of RM202.98 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), with all business segments recording higher profits except construction, trading and manufacturing, and others segments.

Hektar Real Estate Investment Trust (Hektar REIT)’s net property income (NPI) for the fourth quarter ended Dec 31, 2022 (4QFY2022) declined 18.87% to RM10.04 million from RM12.38 million a year earlier, dragged by higher property operating expenses.

Eastern & Oriental Bhd (E&O)’s high borrowings is of minimal concern to the property developer, as the group sees its latest fundraising proposal and cash generated from sales supporting its next stage of growth.

The group has proposed to develop “Aetas Seputeh”, a residential development comprising two 38-storey blocks housing 126 units of luxury apartments.

ACE Market-listed Nexgram Holdings Bhd’s unit has terminated a deal with Melaka Corporation (MCorp) pertaining to the acquisition of a 10.031-hectare piece of land in the state for RM61.53 million cash.

The new deadline for the piling and engineering group to submit its regularisation plan to the Securities Commission Malaysia or Bursa Securities has been extended to June 29, 2023.

Under the turnkey construction agreement signed with property developer Danau Lumayan Sdn Bhd, the project is split into two phases.

“Tan stays on as adviser following his resignation as group CEO to provide guidance to support the continued growth of Signature International.”