Latest news with #BerjayaLandBhd
The Star
2 days ago
- Business
- The Star
BLand sells 80% stake in loss-making JV firm
PETALING JAYA: Berjaya Land Bhd (BLand) is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. In a filing with Bursa Malaysia, BLand said the proposed disposal represents an opportunity for the group to realise its investment in BHandico12. 'For the financial year ended June 30, 2024, BHandico12 recorded an audited net loss of RM17.21mil with the audited net liabilities of RM35.62mil.' BLand said BHandico12 is principally involved in the property investment and development. Its main project is an integrated mixed property development project known as Hanoi Garden City situated on an approximately 78-acre piece of land in Thach Ban Ward, Long Bien district in Hanoi, Vietnam. Hanoi Garden City offers a product mix of residential, commercial/retail shops, high-rise apartments, low-rise housing, medical centre/hospital, administrative management building, mall, school and parking lots.
The Star
2 days ago
- Business
- The Star
FTSE4Good Bursa Malaysia Index adds 19 stocks
All constituent changes will take effect at the start of business on June 23, 2025. PETALING JAYA: Bursa Malaysia has announced 19 additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index and 14 inclusions to the constituents of the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index. In a statement, the stock exchange operator said the F4GBM Index includes publicly listed companies or PLCs with good liquidity and strong environmental, social and governance or ESG practices. The F4GBMS Index tracks the constituents in the F4GBM that are syariah-compliant. 'For the June 2025 review, the F4GBM Index will see 19 additions and five exclusions, bringing its constituent count to 160,' Bursa Malaysia said. Separately, the F4GBMS Index will see 14 inclusions and four exclusions, resulting in a total of 125 constituents in the index. All constituent changes will take effect at the start of business on June 23, 2025. The new additions to the F4GBM Index include Berjaya Land Bhd , Capitaland Malaysia Trust , Carlsberg Brewery Malaysia Bhd , EG Industries Bhd , Genetec Technology Bhd and Genting Plantations Bhd . Meanwhile, IOI Properties Group Bhd , Samaiden Group Bhd, UEM Edgenta Bhd and Malakoff Corp Bhd, among others, have been included in the F4GBMS Index.
The Star
2 days ago
- Business
- The Star
BLand disposes of stake in loss-making JV company for RM202mil
PETALING JAYA: Berjaya Land Bhd (BLand) is disposing of its entire 80% stake in joint venture company, Berjaya-Handico12 Co Ltd (BHandico12), to Vietnam-based Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC for RM201.96mil. In a filing with Bursa Malaysia, BLand said the proposed disposal represents an opportunity for the group to realise its investment in BHandico12. 'For the financial year ended June 30, 2024, BHandico12 recorded an audited net loss of RM17.21mil with the audited net liabilities of RM35.62mil).' BLand said BHandico12 is principally involved in the property investment and development. Its main project is an integrated mixed property development project known as Hanoi Garden City situated on an approximately 78-acre piece of land in Thach Ban Ward, Long Bien district, Hanoi, Vietnam. Hanoi Garden City offers a product mix of residential, commercial/retail shops, high-rise apartments, low-rise housing, medical centre/hospital, administrative management building, mall, school and parking lots.
