Lion Industries looking to revitalise Amsteel’s two mills amid tough landscape
The group is also in talks with potential strategic partners to provide new technologies.
UOA Development to sell business park assets to UOA REIT in RM200m deal
UOA Development Bhd (KL:UOADEV) is transferring three properties in UOA Business Park, near Subang Jaya, to UOA Real Estate Investment Trust (KL:UOAREIT) in a related-party deal worth RM200 million.
Tropicana redesignates managing director Din Tan as deputy group CEO
Tropicana Corp Bhd (KL:TROP) said it has redesignated its group managing director, Din Tan Yong Chia, as deputy group CEO, effective Thursday.
Meridian faces trading suspension over delayed annual report
Trading in Meridian Bhd’s (KL:MERIDIAN) shares will be suspended from Oct 8 if the loss-making property developer fails to release its annual report by Oct 7.
Epicon to partner with NCT Alliance for development in Batang Kali
Epicon Bhd (KL:EPICON) is diversifying into property development by investing RM72.13 million to form a joint venture with NCT Alliance Bhd (KL:NCT) to undertake a terraced home project in Batang Kali.
OSK Property acquires 3.3-acre land in Subang Jaya from Tropicana for RM44m
OSK Holdings Bhd (KL:OSK) said the group is acquiring a 3.3-acre land in Subang Jaya from Tropicana Corp Bhd (KL:TROP) for RM44.34 million to develop serviced apartments.
Crescendo to develop properties that meet market demand after sharp fall in 2Q profit
“The group will adopt a prudent approach by leveraging its strategic land bank to develop properties that meet market needs.”
BIMB Securities says SkyWorld set to double earnings; initiates coverage with highest target price, 'buy' call
SkyWorld Development Bhd (KL:SKYWLD) is set to more than double its earnings over the next three years, said BIMB Securities.
F&N to sell PJ property asset for RM180 mil to fund dairy farm business
Fraser & Neave Holdings Bhd (KL:F&N) has proposed to dispose of its half stake in a non-core property asset in Petaling Jaya for about RM180 million to focus on growing its dairy farm business.
LB Aluminium’s 1Q profit jumps 31% on stronger property contributions
LB Aluminium Bhd (KL:LBALUM), which is involved in the aluminium and property development businesses, posted a 30.9% year-on-year increase in first-quarter earnings, lifted by stronger contributions from its property segment on the back of higher sales.
