NewsFeed http://www.theedgeproperty.com.my/frontpage en Fears for thousands of tower block residents after London inferno http://www.theedgeproperty.com.my/content/1165379/fears-thousands-tower-block-residents-after-london-inferno <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/001_pp5p6_preview.jpg?itok=R78pvsiQ"><a href="/content/1165379/fears-thousands-tower-block-residents-after-london-inferno"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/001_pp5p6_preview.jpg?itok=R78pvsiQ" width="220" height="130" alt="001_pp5p6_preview.jpg by AFP for The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Prime Minister Theresa May said the government had arranged to test cladding on "all relevant tower blocks" following the deadly June 14 inferno.</p> </div></div></div> Fri, 23 Jun 2017 21:45:00 +0000 james.chong@bizedge.com 1165379 at http://www.theedgeproperty.com.my BLand 4Q net profit at RM88.57 mil on lower investment expenses http://www.theedgeproperty.com.my/content/1165546/bland-4q-net-profit-rm8857-mil-lower-investment-expenses <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/berjayaland_6.jpg?itok=oez4_1vg"><a href="/content/1165546/bland-4q-net-profit-rm8857-mil-lower-investment-expenses"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/berjayaland_6.jpg?itok=oez4_1vg" width="220" height="191" alt="berjayaland_6.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>This marks its third profitable quarter in a row, after the group returned to the black in 1QFY17. </p> </div></div></div> Fri, 23 Jun 2017 12:17:45 +0000 james.chong@bizedge.com 1165546 at http://www.theedgeproperty.com.my Gamuda 3Q profit rises on higher progress of MRT2 works, pays six sen dividend http://www.theedgeproperty.com.my/content/1165523/gamuda-3q-profit-rises-higher-progress-mrt2-works-pays-six-sen-dividend <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/gamuda_7_16.png?itok=UM6MyIj9"><a href="/content/1165523/gamuda-3q-profit-rises-higher-progress-mrt2-works-pays-six-sen-dividend"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/gamuda_7_16.png?itok=UM6MyIj9" width="220" height="134" alt="gamuda_7.png The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Gamuda Bhd's net profit grew 11% to RM170.93 million in its third quarter ended April 30, 2017, from RM152.69 million a year earlier, driven by higher progress of works on the MRT2 project.</p> </div></div></div> Fri, 23 Jun 2017 11:54:03 +0000 james.chong@bizedge.com 1165523 at http://www.theedgeproperty.com.my Gamuda 3Q profit rises on higher progress of MRT2 works, pays six sen dividend http://www.theedgeproperty.com.my/content/1165485/gamuda-3q-profit-rises-higher-progress-mrt2-works-pays-six-sen-dividend <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/gamuda_7_15.png?itok=x3U3E90-"><a href="/content/1165485/gamuda-3q-profit-rises-higher-progress-mrt2-works-pays-six-sen-dividend"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/gamuda_7_15.png?itok=x3U3E90-" width="220" height="134" alt="gamuda_7.png The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Gamuda Bhd's net profit grew 11% to RM170.93 million in its third quarter ended April 30, 2017, from RM152.69 million a year earlier.</p> </div></div></div> Fri, 23 Jun 2017 11:18:29 +0000 geraldine.tan@bizedge.com 1165485 at http://www.theedgeproperty.com.my Global Oriental and Malton in JV for mixed development http://www.theedgeproperty.com.my/content/1165444/global-oriental-and-malton-jv-mixed-development <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/globaloriental_2.jpg?itok=utqHNoNQ"><a href="/content/1165444/global-oriental-and-malton-jv-mixed-development"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/globaloriental_2.jpg?itok=utqHNoNQ" width="220" height="78" alt="globaloriental_2.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>The seven plots of freehold land are to be developed as a mixed development at the absolute discretion of Fame Action as the developer, said Global Oriental.</p> </div></div></div> Fri, 23 Jun 2017 10:32:21 +0000 james.chong@bizedge.com 1165444 at http://www.theedgeproperty.com.my Vivocom's Yeoh Seong Mok retires as CEO http://www.theedgeproperty.com.my/content/1165440/vivocoms-yeoh-seong-mok-retires-ceo <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/vivocominternationalholdings_11.jpg?itok=B1ry6Nos"><a href="/content/1165440/vivocoms-yeoh-seong-mok-retires-ceo"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/vivocominternationalholdings_11.jpg?itok=B1ry6Nos" width="220" height="162" alt="vivocominternationalholdings_11.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Yeoh, who has been instrumental in securing jobs from China Railway Construction Corp Ltd, was first appointed as joint CEO of Vivocom in November 2015, together with Anne Kung Soo Ching at the time. Kung has since retired in May 2016.</p> </div></div></div> Fri, 23 Jun 2017 10:20:08 +0000 james.chong@bizedge.com 1165440 at http://www.theedgeproperty.com.my KKR, Blackstone, RRJ and TPG dropping out of race for S'pore's GLP, says FT http://www.theedgeproperty.com.my/content/1165430/kkr-blackstone-rrj-and-tpg-dropping-out-race-spores-glp-says-ft <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/globallogisticsproperties.jpg?itok=UjuMrtdj"><a href="/content/1165430/kkr-blackstone-rrj-and-tpg-dropping-out-race-spores-glp-says-ft"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/globallogisticsproperties.jpg?itok=UjuMrtdj" width="220" height="100" alt="globallogisticsproperties.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Almost all the potential bidders for Global Logistic Properties are dropping out as the June 30 deadline approaches, reported The Financial Times.</p> </div></div></div> Fri, 23 Jun 2017 09:12:14 +0000 james.chong@bizedge.com 1165430 at http://www.theedgeproperty.com.my Wing Tai takeover offer 'not fair but reasonable', says independent adviser http://www.theedgeproperty.com.my/content/1165415/wing-tai-takeover-offer-not-fair-reasonable-says-independent-adviser <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/wingtai_14.jpg?itok=0J6hLOPA"><a href="/content/1165415/wing-tai-takeover-offer-not-fair-reasonable-says-independent-adviser"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/wingtai_14.jpg?itok=0J6hLOPA" width="220" height="219" alt="wingtai_14.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Mercury Securities said the offer is unfair because the offer price represents a discount of 49.3% to 49.86%, or RM1.75 to RM1.79, from its estimated fair value range.</p> </div></div></div> Fri, 23 Jun 2017 08:23:46 +0000 james.chong@bizedge.com 1165415 at http://www.theedgeproperty.com.my Nexgram 3Q net loss narrows http://www.theedgeproperty.com.my/content/1165410/nexgram-3q-net-loss-narrows <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/nexgramholdings_4.jpg?itok=7L1jx0VG"><a href="/content/1165410/nexgram-3q-net-loss-narrows"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/nexgramholdings_4.jpg?itok=7L1jx0VG" width="212" height="220" alt="nexgramholdings_4.jpg The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>"As part of on-going business rationalisation and a continuation of the group’s long term growth strategy, the group is in the midst of securing new projects for property, construction and logistics businesses."</p> </div></div></div> Fri, 23 Jun 2017 08:14:39 +0000 james.chong@bizedge.com 1165410 at http://www.theedgeproperty.com.my Bina Darulaman issues maiden RM50 mil sukuk http://www.theedgeproperty.com.my/content/1165408/bina-darulaman-issues-maiden-rm50-mil-sukuk <div class="field field-name-field-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even" rel="og:image rdfs:seeAlso" resource="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/bina-darulmannew_3_0.png?itok=_E7kZ1OF"><a href="/content/1165408/bina-darulaman-issues-maiden-rm50-mil-sukuk"><img typeof="foaf:Image" src="http://dbv47yu57n5vf.cloudfront.net/s3fs-public/styles/medium/public/field/image/bina-darulmannew_3_0.png?itok=_E7kZ1OF" width="220" height="134" alt="bina-darulmannew_3.png The Edge" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even" property="content:encoded"><p>Bina Darulaman Bhd (BDB) has issued its maiden sukuk, RM50 million Sukuk Wakalah, the first tranche of the Kedah-based property and construction company's seven-year, RM100 million Sukuk Wakalah Programme.</p> </div></div></div> Fri, 23 Jun 2017 08:08:01 +0000 james.chong@bizedge.com 1165408 at http://www.theedgeproperty.com.my