Latest news with #EcoWorld
The Star
20-05-2025
- Business
- The Star
SD Guthrie, EcoWorld firm up Negri project
The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project. PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corp Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negri Sembilan. This follows a memorandum of understanding signed on Dec 18, 2024, and a sales and purchase agreement finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0.
The Star
20-05-2025
- Business
- The Star
EcoWorld, SD Guthrie officially begin development of industrial park
PETALING JAYA: Eco World Development Group Bhd (EcoWorld), SD Guthrie Bhd (previously Sime Darby Plantation Bhd ), and NS Corporation Sdn Bhd (NS Corp) have formalised a shareholders agreement yesterday to launch the development of Eco Business Park 7 (EBP 7) in Negeri Sembilan. This follows a Memorandum of Understanding signed on December 18, 2024, and a sales and purchase agreement (SPA) finalised on April 18, this year. The agreement establishes Eco Business Park 7 Sdn Bhd as the entity overseeing the project, with EcoWorld holding a 55% stake, SD Guthrie Land Ventures Sdn Bhd (a fully owned subsidiary of SD Guthrie) owning 30%, and NS Corp holding the remaining 15%. Eco World Project Management Sdn Bhd, another EcoWorld subsidiary, will manage the development. The development of EBP 7 involves acquiring 1,195 acres of freehold land in Mukim Jimah, Port Dickson, within Parcel C of Malaysia Vision Valley 2.0 (MVV 2.0), a key economic corridor in western Peninsular Malaysia. In a filing to Bursa Malaysia yesterday, SD Guthrie reiterated that the project aims to create an integrated industrial park with commercial hubs, boasting an estimated gross development value (GDV) of RM2.95bil, featuring industrial lots, pre-built factories, and commercial spaces targeting sectors like aerospace, electrical and electronics, logistics, and biotechnology. 'The industrial hub will offer access to a proposed Nilai-Labu Expressway that will enhance connectivity to major hubs such as Kuala Lumpur International Airport, Port Klang, Nilai, and the west coast via the PLUS Highway, offering connectivity and logistical advantages that are conducive for business growth,' the filing read. MVV 2.0, launched in December 2018, spans 380,000 acres across Seremban and Port Dickson, divided into six parcels (A-F), and aims to support Greater Kuala Lumpur's growth. EBP 7 aligns with this vision by promoting sustainable development, attracting local and foreign investments, creating high-value jobs, and boosting Negeri Sembilan's economy. SD Guthrie said the project, expected to unfold over nine years, supports national initiatives like the New Industrial Master Plan (NIMP) 2030 and the National Energy Transition Roadmap (NETR). The partnership leverages SD Guthrie's extensive land assets, EcoWorld's expertise in industrial park development, and NS Corp's role as MVV 2.0's state-appointed coordinator. The project highlights the diversification of SD Guthrie - a major Malaysian landowner with 16 estates, three palm oil mills, and two biogas plants in Negeri Sembilan - into industrial parks and renewable energy. Meanwhile, EcoWorld, with a 9,825-acre landbank and a RM90bil GDV portfolio, has a strong track record in industrial projects, with 2,415 acres dedicated to such parks and 90% of its developments green-accredited. The tripartite agreement was signed on April 18 by SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha, EcoWorld president and chief executive (CEO) Datuk Chang Khim Wah, and NS Corp CEO Norazhar Musa, witnessed by notable figures including Negeri Sembilan Chief Minister Datuk Seri Aminuddin Harun, who also chairs NS Corp.
Yahoo
19-05-2025
- Business
- Yahoo
Should You Be Adding Eco World Development Group Berhad (KLSE:ECOWLD) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Eco World Development Group Berhad (KLSE:ECOWLD). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. Our free stock report includes 1 warning sign investors should be aware of before investing in Eco World Development Group Berhad. Read for free now. If a company can keep growing earnings per share (EPS) long enough, its share price should eventually follow. That makes EPS growth an attractive quality for any company. Shareholders will be happy to know that Eco World Development Group Berhad's EPS has grown 19% each year, compound, over three years. If growth like this continues on into the future, then shareholders will have plenty to smile about. It's often helpful to take a look at earnings before interest and tax (EBIT) margins, as well as revenue growth, to get another take on the quality of the company's growth. While revenue is looking a bit flat, the good news is EBIT margins improved by 4.2 percentage points to 18%, in the last twelve months. That's a real positive. The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers. View our latest analysis for Eco World Development Group Berhad Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Eco World Development Group Berhad. It's pleasing to see company leaders with putting their money on the line, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. So it is good to see that Eco World Development Group Berhad insiders have a significant amount of capital invested in the stock. Notably, they have an enviable stake in the company, worth RM1.1b. That equates to 19% of the company, making insiders powerful and aligned with other shareholders. Looking very optimistic for investors. If you believe that share price follows earnings per share you should definitely be delving further into Eco World Development Group Berhad's strong EPS growth. Further, the high level of insider ownership is impressive and suggests that the management appreciates the EPS growth and has faith in Eco World Development Group Berhad's continuing strength. On the balance of its merits, solid EPS growth and company insiders who are aligned with the shareholders would indicate a business that is worthy of further research. You still need to take note of risks, for example - Eco World Development Group Berhad has 1 warning sign we think you should be aware of. Although Eco World Development Group Berhad certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of Malaysian companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Malay Mail
07-05-2025
- Business
- Malay Mail
Hong Leong Bank Redefines Branch Banking with Meet @ HLB Eco Majestic, Semenyih
Lee Ee Hui, HLB's Head of Business Channels, together with a representative from EcoWorld at the launch of Meet @ HLB in Eco Majestic, Semenyih KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 7 May 2025 - Following its first Iconic branch in Penang, Hong Leong Bank ("HLB" or "the Bank") has launched its innovative Meet @ HLB branch concept in Eco Majestic, Semenyih. This community-centric branch is central to HLB's bank-wide transformation plan, which includes upgrading existing branches and strategically tailoring service for the Eco Majestic community, Meet @ HLB provides convenient access to ATMs, retail banking, and cash deposit machines. The branch's daily operations from 12:30 pm to 7:00 pm, including weekends, have been a welcome surprise for residents who greatly appreciate this convenience, allowing for easy integration of banking needs around their busy "Meet @ HLB perfectly encapsulates our vision of being a "Digital Bank Plus Much More" – creating a powerful synergy of cutting-edge digital convenience and genuine human connection. This initiative is a vital part of our broader branch transformation strategy, where we are strategically evolving our physical network to better serve our diverse customer base through upgrades, service enhancements, and the introduction of innovative branch formats like Meet @ HLB.""Our collaboration with EcoWorld has been invaluable in bringing this vision to life. By understanding the unique characteristics of the Eco Majestic community, we have been able to create a banking space that truly resonates with its residents. This underscores our belief in the enduring value of physical presence within communities, transforming branches into vibrant hubs where we can truly understand and serve our customers' evolving needs. It also helps us serve new and developing communities, where we can become the first bank for its residents and businesses, and work to meet their unique yet diversified banking "We are truly grateful to HLB for recognising the importance of a physical banking presence in a growing, dynamic township like Eco Majestic. While digital banking offers convenience, there are still essential services that benefit from personal, face-to-face interaction. The Meet @ HLB branch is a thoughtful addition that brings everyday banking closer to our residents—accessible, reliable and seamlessly integrated into the fabric of our community. We deeply appreciate HLB's effort in understanding the needs of Eco Majestic and designing a space that naturally complements Eco-township's character."The branch recently hosted a Raya Open House, inviting Eco Majestic residents to connect with HLB staff, explore the branch's offerings, and enjoy a vibrant festive atmosphere with food and family activities like colouring and jawi calligraphy. This event highlighted the Bank's commitment to designing community-centric branches and offered a glimpse into the future of branch banking with can visit thebranch in Eco Majestic at:Block 1, Jalan Eco Majestic 10/1, Eco Majestic, 43500, Semenyih, SelangorBanking Services: Monday - Sunday, 12.30pm - 7pm (closed on public holidays)Express Banking: Monday - Sunday, 6am - 12amHashtag: #HongLeongBankBerhad #HLB The issuer is solely responsible for the content of this announcement.
Time of India
03-05-2025
- Time of India
Woman harassed by biker near Eco World in Bengaluru
Bengaluru police are investigating an alleged harassment incident near Eco World in Marathahally, where a woman was assaulted by a man on a two-wheeler. NEW DELHI: Police have launched an investigation after a woman was allegedly harassed near Eco World in Bengaluru's Marathahally late Wednesday night. The incident took place around 11.40pm when an unknown man riding a two-wheeler hit the woman with his hand and sped away, police said. You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru Whitefield DCP Shivakumar confirmed a case has been registered under Sections 74 (assault on a woman) and 78 (stalking) of the Bharatiya Nyaya Sanhita, 2023. Efforts are on to trace the accused using CCTV footage and other leads. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Secure Your Child's Future with Strong English Fluency Planet Spark Learn More Undo Mangaluru dietician booked for anti-national remarks In a separate case in Karnataka, police in Mangaluru have registered a case against a city-based dietician, Atifa, for allegedly posting anti-national and anti-Hindu remarks on social media. The post recently went viral, prompting swift action. Mangaluru Police Commissioner Anupam Agrawal said the woman's mobile phone was seized for forensic analysis. "We contacted the hospital where she worked and have begun legal proceedings under relevant sections of the BNS," he said. The action follows another FIR filed earlier this week against a Facebook user 'Nichchu Mangaluru' for allegedly justifying the April 22 terrorist attack in Pahalgam, Jammu and Kashmir. Police have said that digital evidence in both cases is being analysed and further legal action will depend on forensic results.
