At the last Nov 7 sitting, Court of Appeal judge Datuk Lee Swee Seng had asked both parties to look into settling the long dispute, and, should there be none, the hearing is to proceed on Feb 20 and 21.
For the fourth quarter ended Dec 31, 2024 (4QFY2024), the group’s net profit soared 85.
According to MGB, the improvement in FY2024 was predominantly attributed to its property development segment’s fourfold leap in revenue to RM483.
The share capital reduction entails the cancellation of RM185 million of its RM272.
Its property development segment had returned to black, with an operating profit of RM18.
As the first Crowne Plaza in Penang, the 23-storey, five-star waterfront hotel features 343 rooms and suites, catering to increased business travel and foreign investment activity in the northern state.
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Following the acquisition, EcoWorld Malaysia will fully consolidate Paragon Pinnacle’s balance sheet — instead of the 60% share of results previously.
DONE DEAL: Condo unit, Trinity Pentamont, Mont’Kiara, Kuala Lumpur DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur Average transacted prices for non-landed properties in Bukit Bintang saw a 23% decrease between 2023 and 2024.
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus filed in October 2024.
The Island features a 37-acre waterbody and incorporates extensive green spaces, vertical forests, and the adventure & nature trail, which highlights local biodiversity while promoting sustainable outdoor recreation.
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