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PETALING JAYA: Hua Yang Bhd’s net profit for its first quarter ended June 30, fell 74.5% year-on-year (y-o-y) to RM227,000 due to reversal of impairment loss on financial instruments in the immediate preceding quarter.
THE woes that property developer Magna Prima Bhd is facing might have been averted had the group monetised some of its land bank several years ago before the property development sector took a turn for the worse.
In 2015, Magna Prima, ...
KUALA LUMPUR: Stocks that could be in focus on Monday include IWCity, Scientex, Aeon Co, Reservoir Link Energy, Hong Seng Consolidated, MGRC, Minda Global, Hua Yang and Pekat, said JF Apex Research.
KUALA LUMPUR (June 10): Here is a brief look at some corporate announcements and news flow on Friday (June 10) involving Scientex Packaging (Ayer Keroh) Bhd, AEON Co (M) Bhd, Perak Corp Bhd, Aurora Italia International Bhd, Reservoir Link Energy Bhd, Hibiscus ...
KUALA LUMPUR (June 10): Hua Yang Bhd has proposed to undertake a renounceable rights issue of up to 88 million new shares coupled with free warrants to raise up to RM17.6 million.
It is seeking an exemption from the Securities Commission Malaysia ...
PETALING JAYA: Hua Yang Bhd’s performance is on pace to rebound as the property industry outlook improves, although the road to recovery has been difficult for the property developer.