Al-Salam REIT to establish RM3b sukuk programme
Al-Salam Real Estate Investment Trust (KL:ALSREIT) has proposed the establishment of a sukuk programme worth up to RM3 billion in nominal value.
Citaglobal to undertake industrial park project in Pahang on its own as it exercises RM90m land buy option
Citaglobal Bhd (KL:CITAGLB) will develop an industrial park project in Pahang on its own after exercising an option to acquire the land for RM90 million in cash and irredeemable convertible preference shares from its joint venture (JV) partner.
Inta Bina secures RM66.5m housing construction job from Eco Majestic
The development will have two phases and include two-storey semi-detached, semi-detached and two-storey terrace houses.
Ekovest continues to bleed in 4Q, but narrower on lower taxation
Diversified group Ekovest Bhd (KL:EKOVEST) extended its quarterly streak in the red, but with a narrower net loss in the fourth quarter, helped by lower taxation.
Econpile bags RM23 mil construction job for apartment project in Puchong
Piling and foundation specialist Econpile Holdings Bhd (KL:ECONBHD) said it has secured a RM23.46 million construction contract for a proposed apartment development in Puchong, Selangor.
Chin Hin’s 2Q profit halves amid higher administrative expenses
Builder cum developer Chin Hin Group Bhd's (KL:CHINHIN) net profit for the second quarter halved despite logging higher revenue, dragged by higher administrative expenses and the absence of a one-off gain recognised a year ago.
MRCB sees 70% drop in 2Q profit on lower billings
Construction and property group Malaysian Resources Corp Bhd (KL:MRCB) posted a 70.6% year-on-year fall in net profit for the second quarter on lower construction billing.
Lagenda logs record quarterly property sales; profit down 6.5% on higher admin expenses
Property developer Lagenda Properties Bhd (KL:LAGENDA) logged record quarterly property sales of RM413.4 million in the second quarter, but net profit dropped 6.5% due to lower revenue and higher administrative expenses.
Al-Aqar REIT’s 2Q net income down 2.5%, declares 1.73 sen DPU
Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.
Ivory Properties’ unit under receivership after default
Ivory Properties said Ivory Indah is not a major subsidiary, with its assets making up 15% of the group.
