Eversendai proposes placement to raise up to RM75.8 mil
The group plans to use up to RM70 million or 92% of the proceeds for the repayment of borrowings.
Menang Corp unaware of investigations into its property development unit
Menang Corp (M) Bhd said that the company is unaware of investigations into its wholly-owned property development unit Menang Development (M) Sdn Bhd, as stated in The Edge Malaysia’s recent article.
TA Global up 7.3% this morning, actively traded on RM832 mil Australian land sale
Following news the group is proposing to sell undeveloped land in Australia for RM832 million.
Sunway snaps up land in Subang Jaya, Kajang for RM231 mil
All the plots will be suitable for transit-oriented developments since they are near mass rail transit, light rail transit, bus rail transit and monorail stations, said Sunway.
Developers’ shrinking unbilled sales not quite a concern
Most analysts believe sales may pick up albeit at a slower pace moving forward...
CapitaLand Malaysia Mall Trust’s 2Q NPI down slightly at RM59.8 mil, declares 2.06 sen DPU
This was largely due to lower contribution from the REIT’s Klang Valley shopping malls, which was mitigated by stronger performance from Gurney Plaza and East Coast Mall...
Mulpha International sees 4.09% stake crossed off-market
Mulpha is Malaysia’s largest real estate investor and developer in Australia.
Hua Yang 1Q net profit plunges 92.8% due to lesser ongoing projects
The property developer said that newly-launched projects like Astetica Residence in Seri Kembangan and Meritus Residence in Shah Alam are still in early stages of construction. Hua Yang’s unbilled sales as at 1QFY18 stood at RM204.31 million.
Bina Puri unit gets IDX nod for listing
Construction player Bina Puri Holdings Bhd has received the green light from the Indonesia Stock Exchange (IDX) for the listing of its subsidiary PT Megapower Makmur Tbk.
Ex-Penang Land and Mines Office director appointed ED in Ivory Properties
Datuk Arifin Haji Awang had been the director in the Penang Land and Mines Office for 12 years, before his retirement in 2015.
