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WCT units in land deal with S’pore-based Core
To facilitate and to realise the equity proportion of the new shareholders, WCTPD shall issue, WCTL, Core SPV and CCCC (M) shareholdings of 20%, 65% and 15% respectively.PETALING JAYA: WCT Holdings Bhd’s wholly owned subsidiaries, WCT Land Sdn Bhd (WCTL) and WCT Precious Development Sdn Bhd...
MRCB posts strong first half revenue of RM1.28bil
PETALING JAYA: Construction and property firm Malaysian Resources Corp Bhd (MRCB) registered strong growth in revenue that rose 55% to RM1.28bil for the first half of 2017 compared with the same period a year ago mainly driven by contributions from the engineering and construction segment.Net...
PPB plans mixed development project on Ming Tien food court site
Press & Analyst Briefing of PPB Group Berhad: (From left) MD of Chemquest Group Leong Yew Meng; PPB Group's head of corporate affairs & chief executive of GSC Koh Mei Lee; director of PPB Group and MD of FFM Group Datuk Ong Hung Hock; MD of PPB Group Lim Soon Huat; Head of corporate strategy &...
Stern warning issued to unlicensed real estate agents
JOHOR BARU: Unlicensed real estate agents may be fined up to RM300,000 and face jail time as well, the body in charge has reminded.The Malaysian Institute of Estate Agents (MIEA) said the newly amended Valuer, Appraisers and Estate Agents (Amendment) Act empowered the police to act against such...
Suit filed in tussle over Kiara park
BY WONG PEK MEIKUALA LUMPUR: The move to save Taman Rimba Kiara is now a court battle.Residents of Taman Tun Dr Ismail (TTDI) have filed a case against Kuala Lumpur City Hall (DBKL) and Kuala Lumpur mayor Datuk Mohd Amin Nordin Abdul Aziz to stop a proposed housing development in Taman Rimba...
UEM Sunrise and Nusajaya Tech Park hosted the inaugural high-speed rail seminar
High-Speed Rail seminar panelists in action.SINGAPORE: UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, together with Nusajaya Tech Park, hosted the inaugural High-Speed Rail (“HSR”) seminar as part of the ASEAN Market Insights...
IOI Properties Group Q4 revenue rose 34%
IOI Properties Group Berhad (“IOIPG”), recorded a revenue of RM1,195.3 million for Q4 2017 which is RM303.6 million or 34% higher than the preceding year corresponding quarter. After excluding fair value gain on investment properties of RM48.8 million, the Group’s operating profit for the...
Exit road closure hurting businesses in Klang
BY EDWARD RAJENDRABusiness operators are seeing red over the closure of the exit road from Jalan Zapin 3A and Jalan Zapin 2 into Jalan Meru with the construction of a concrete median.BUSINESS operators along Jalan Zapin 3A in Taman Mutiara 3, Klang, want the Public Works Department (JKR) to reopen...
WCT delays listing of REIT
Property trust: A total RM1.1bil worth of assets will be injected into WCT REIT, including the Paradigm Mall in Petaling Jaya.PETALING JAYA: WCT Holdings Bhd is delaying the listing of its Real Estate Investment Trust (REIT) from the end of 2017 to the second quarter of 2018, said...
Mah Sing posts higher Q2 earnings of RM90.39mil
Group managing director Tan Sri Leong Hoy Kum(filepic) said the group’s net cash position as at June 30, 2017 provided the group with opportunities to expand its land bank, particularly in the Klang Valley.PETALING JAYA: Mah Sing Group Bhd net profit rose to RM90.39mil in the second quarter...