PMB Technology unit to dispose of KL land for RM37 mil to repay loan, raise working capital
The land has been approved for the development of one 27-storey block of studio apartments and serviced apartments.
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Batu Kawan's 3Q profit drops 21% y-o-y on absence of non-operational gains
Batu Kawan Bhd's net profit declined 21.26% year-on-year (y-o-y) to RM304.3 million for the third quarter ended June 30, 2022 (3QFY22) from RM386.465 million in the previous corresponding quarter of 3QFY21, despite higher revenue, because the previous year had accounted for non-operational gains.
DBKL: Owners may need to pay up to RM20,000 for demolition of illegal extensions
For those who made extensions that have not been approved, and if Kuala Lumpur City Hall (DBKL) comes to your premises to tear down the illegal extension, be prepared to be up to RM20,000 poorer.
Power couple takes two years to secure US$145m LA property
Snapchat founder Evan Spiegel and Australian supermodel/actress Miranda Kerr took two years to “secure” their new home in Los Angeles, according to reports.
MIDF stays positive on construction sector with encouraging developments in Sarawak
MIDF Research has maintained its “positive” rating of the construction sector, with encouraging developments seen in Sarawak.
DONE DEAL: Residential land at Taman Bukit Suria, Kajang, Selangor
Noteworthy:
- Freehold
- Land size: 19,375 sq ft
- Corner lot
- Nearby amenities: AEON Cheras Selatan, Impiana Golf & Country Club, Universiti Tunku Abdul Rahman (UTAR), Columbia Asia Hospital (Cheras), Bukit Dukung mass rapid transit (MRT) station
- Accessibility: Cheras-Kajang Expressway, Kajang Dispersal Link Expressway (SILK), North-South Highway
When: April 2022
Swift Haulage to dispose of industrial state lease land in Klang for RM38.36 mil
Swift Haulage Bhd has announced that it is disposing of a 4.816-hectare piece of land in Klang, Selangor for RM38.36 million.
Having already raised RM84 million, TWL plans another cash call
TWL Holdings Bhd (previously known as Tiger Synergy Bhd) has proposed a renounceable rights issue of five-year redeemable convertible unsecured loan stocks (RCULS) that come with free detachable warrants.
After Ranhill and KPower, now MK Land gets four-year PPA extension for solar project
The Energy Commission (EC) has granted MK Land Holdings Bhd a four-year extension to its power purchase agreement (PPA) for its 10.95 MW Large Scale Solar Photovoltaic Plant (LSSPV) in Kerian, Perak.
GuocoLand 4Q profit jumps over three times as property development, hospitality businesses improve
GuocoLand (Malaysia) Bhd's net profit for the fourth quarter ended June 30, 2022 (4QFY22) jumped over three times to RM23.79 million from RM7 million a year before, due to higher contribution from the property development division and lower loss incurred by the hospitality division.
