BY EUGENE MAHALINGAMLim: ‘The system can help shorten the construction period. Something that takes a whole year can be done in eight to 10 months. The shorter time period means faster revenue.’PETALING JAYA: The rising cost of labour is prompting construction outfit ML Global Bhd to use...

BY S. PUSPADEVIPETALING JAYA: The market is viewing positively Mah Sing Group Bhd’s latest acquisition of a 78% stake in Cosmowealth Housing Development Sdn Bhd (CHD) for RM55mil, coming just two weeks after the acquisition of five plots of freehold land in Kuala Lumpur.Mah Sing, which has almost...

PETALING JAYA: Mah Sing Group Bhd has acquired 78% of Cosmowealth Housing Development Sdn Bhd for RM54.96mil, to be paid over six years.Mah Sing said RM6.56mil was paid upon signing of the agreement, with the balance consideration payable on a deferred payment basis over a period of 72...

Mah Sing's newly acquired land, M Centura in Sentul.KUALA LUMPUR: Mah Sing Group Bhd has acquired 78% of Cosmowealth Housing Development Sdn Bhd (Cosmowealth) for RM54.96mil, to be paid over six years.In a statement, Mah Sing said RM6.56mil was paid upon signing of the agreement, with the balance...

KUALA LUMPUR: IJM Corp Bhd's net profit surged to RM236mil in the fourth quarter ended March 31, 2017 compared with RM44.23mil a year ago.The group recorded a pre-tax profit of RM375.21mil in the fourth quarter, an increase of 178.3% over the corresponding quarter of the preceding year, mainly due...

IWC chairman Datuk Ayub Mion said the company’s waterfront developments in Johor “are progressing well”.PETALING JAYA: Property developer Iskandar Waterfront City Bhd (IWC) said that the prospects for the company remained positive despite the challenging economic backdrop.The company said in...

In a filing with Bursa Malaysia, the property developer said revenue surged to RM103.68mil from RM38.82mil a year earlier.PETALING JAYA: Sunsuria Bhd’s net profit for its second quarter ended March 31, 2017 jumped 471% to RM18.01mil from RM3.15mil in the previous corresponding period, mainly due...

PETALING JAYA: Property developer Eastern & Oriental Bhd (E&O) made a net profit of RM49.4mil in its last quarter ended March 31, lifting its full-year earnings to RM87.6mil.The group is proposing a final dividend payout of three sen a share.“For the current year, we are expecting property sales...

PETALING JAYA: Fire protection specialist Fitters Diversified Bhd’s construction unit has won a project worth RM97.78mil from Pencala Jaya Sdn Bhd to construct 338 units of two- and three-storey units located in Rawang, Selangor.The company said in a stock exchange filing that the project would...

BY DANIEL KHOOMeeting the media: (from left) Barragry, Tan and executive assistant to group MD, Chua Seng Yong at the press conference.KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) will enhance yields on its existing Mid Valley Megamall and The Gardens Mall by carrying out a reconfiguration...