Signature International to buy 51% stake in renovation firm
The group said it is acquiring the stake in Space Alliance Contracts Sdn Bhd to tap into the renovation industry.
EcoWorld’s 4Q net profit down 43%, achieves RM3.5b annual sales
Eco World Development Bhd (EcoWorld)’s net profit dropped 42.72% to RM42.84 million for the fourth quarter ended Oct 31, 2021 (4QFY21), from RM72.27 million a year ago, on lower contribution from its Malaysian joint ventures (JVs) and its international arm Eco World International Bhd (EWI) due to the lockdown.
Eco World International slips into the red in 4Q on share of losses in joint ventures, higher finance cost
The group said this was mainly due to share of losses in joint ventures, and higher finance cost following cessation of capitalisation of finance cost on general borrowings in tandem with the handover of apartment units in Yarra One in Melbourne.
JHM to raise RM92m via private placement for new factory in Batu Kawan
Under the exercise, up to 55.76 million new shares, representing 10% of JHM’s 557.6 million issued shares, will be issued to independent third party investors to be identified later, the semiconductor group said in a bourse filing.
Kamdar to sell property in Penang for repayment of bank borrowings
The group said it is selling the land with a four-storey detached factory on it to GSH Precision Technology Sdn Bhd.
MAHB launches tender for 226 commercial lots as air traffic movements improve
The airports operator said the airports nationwide have a total of 808 commercial outlets, of which 70% have been tendered out previously and a majority of it have been awarded.
Property developer Radium Development seeks Main Market listing
According to its draft initial public offering (IPO) prospectus posted on the Securities Commission Malaysia’s website, 800 million new shares will be issued — representing about 25% of its enlarged issued share capital — of which 200 million shares will be made available for application by the Malaysian public.
Gamuda, IJM Corp and HSS likely MRT 3 tender bidders, says CGS-CIMB
“Under MRT Corp’s new strategy, MRT 3 will not adopt the single turnkey contractor structure as seen in MRT 2, and will likely divide the civil works scope into three to five main packages — each led by tier 1 contractors/consortiums that will undertake private financing for the first two years, prior to reverting to full government funding likely in 2024,” said CGS-CIMB analyst Sharizan Roseli
Brem spikes past RM1 for first time in about four years on privatisation announcement
Brem Holding Bhd's share price on Monday (Nov 29) spiked as much as 30.34% past RM1 for the first time in about four years since January 2018 after the builder and property developer announced last Friday it had received a letter from major shareholders Brem Properties Sdn Bhd and Tan Sri Khoo Chai Kaa on their intention to privatise Brem Holding via selective capital reduction and repayment (SCR).
Matrix Concepts 2QFY22 net profit drops to RM51.8m due to lower margins; declares three sen dividend
This lowered its earnings per share to 6.21 sen from nine sen previously, according to the Seremban-based property developer’s filing with the local bourse on Thursday (Nov 25).
