Eco World Development Group Bhd (KL:ECOWLD) reported an 11.7% increase in net profit to RM70 million for the second quarter ended April 30, 2024 (2QFY2024), up from RM62.7 million a year ago, driven by higher revenue and cost savings in completed and near-completion development projects.
The hotel is situated on Jalan Puchong, Kuala Lumpur, and is part of the 5.2-acre (2.1-hectare) Bloomsvale @ OKR mixed development by Kerjaya Prospek Property Bhd.
Malton Bhd has partnered with RHB Banking Group to offer green home financing options for River Park, Bangsar South homebuyers.
Perak Corp Bhd (KL:PRKCORP), which is 52.9% owned by the Perak State Development Corp, has dismissed allegations that it is losing significant land parcels due to unpaid rent, saying they are "categorically false".
EcoWorld International has achieved RM433 million sales exchanges plus reserves of RM85 million adding up to a total of RM518 million in seven months of FY2024.
LBS Bina Group Bhd has exited its investment in Chinese motor circuit company Zhuhai International Circuit Ltd (ZICL) after more than a decade, as it sold its stake in Lamdeal Investments Ltd (LIL), which owns a 60% stake in ZICL, for 192.18 million yuan (RM124.74 million) cash.
Sabah-based integrated property developer KTI Landmark Bhd (KL:KTI) made a lacklustre debut on Bursa Malaysia on Wednesday, becoming the third company so far this year to close below the initial public offering (IPO) price on the first trading day.
Binastra Corp Bhd (KL:BNASTRA) said on Wednesday that it had secured an RM331.7 million contract to construct a residential apartment complex in Kota Kinabalu, Sabah.
Noteworthy:
When: April 2024
Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has inked a second joint venture (JV) with NS Corp to develop new prime land in Malaysia Vision Valley 2.0 (MVV2.0) into a sustainable township in a deal worth RM435.6 million.
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