YTL Corp posts 14-fold increase in 1Q profit to RM521.7 mil
YTL Corp Bhd posted its best quarterly net profit since 2006 at RM521.7 million in the quarter ended Sept 30 (1QFY2024), as all business segments' contributions grew save for construction.
SkyWorld posts RM19m quarterly profit, declares 1.25 sen dividend
SkyWorld Development Bhd has declared its first interim dividend of RM12.5 million or 1.25 sen per share for the second quarter ended Sept 30 (2QFY2024), after posting a net profit of RM19.1 million or 2.53 sen per share.
Eurospan’s RM55 mil sale of assets to controlling shareholder 'fair and reasonable', says independent adviser
Eurospan Holdings Bhd’s proposed RM54.55 million sale of its furniture manufacturing unit and properties in Seberang Perai to its controlling shareholder for future leaseback has been deemed “fair and reasonable” by independent adviser Mainstreet Advisers Sdn Bhd.
Crescendo sells third Pulai land for RM315 mil cash
Crescendo Corp Bhd has announced its third land disposal in Pulai, Johor Bahru, this time three vacant pieces of land measuring 2.62 million sq ft for RM315.17 million cash to Microsoft Payments (M) Sdn Bhd.
Apex Equity to sell Menara Apex to New Era University College’s parent company for RM55m
Apex Equity Holdings Bhd is disposing off the 11-storey Menara Apex in Kajang, together with the land, for RM55 million to Era Edu Sdn Bhd, which operates the New Era University College education arm.
Sick, abandoned housing projects' loan restructuring subject to financier’s discretion, says minister
Approvals to restructure loans and reduce interest on loans for buyers of “sick and abandoned” housing projects are subject to the discretion of the financier, said the Minister of Local Government Development Nga Kor Ming.
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Govt mulls raising minimum capital for new property developers, blacklisting directors of sick and abandoned projects
The government is looking into raising the floor for paid-up capital and accumulated capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector.
PDC calls off collaboration agreement with Umech Land to develop Batu Kawan Industrial Park 2
Chow stated the board of directors of PDC said the change in majority shareholders of Umech Land’s equity structure which was done without informing PDC and without PDC’s approval “is a serious issue and cannot be accepted by the board of PDC”.
1,905 MM2H applications approved since November 2021, 57 PVIP applications processed
The PVIP saw 57 applications processed, where 28 have been approved while the remaining 29 have been recommended for approval
Govt plans rooftop solar buyback, metering programme extension to spur solar adoption
The government is developing a rooftop solar buyback programme and will extend the current net energy metering (NEM) programme to Dec 31, 2024, in a bid to incentivise rooftop solar installation, said Prime Minister Datuk Seri Anwar Ibrahim.
