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Business

Titijaya posts healthy profit growth in Q3

PETALING JAYA: Property developer Titijaya Land Bhd recorded a net profit of RM19.2mil for its third financial quarter ended March 31, a 27% increase against the previous corresponding period.

Business

Titijaya to tie up with CREC in RM575mil Sabah property project

PETALING JAYA: Property developer Titijaya Land Bhd has formalised a collaboration with CREC Development (M) Sdn Bhd (CRECD) for a RM575mil property development project known as The Shore in Kota Kinabalu.

Business

Titijaya and China Railway sign deal for The Shore

PETALING JAYA: Titijaya Land Bhd and CREC Development (M) Sdn Bhd (CRECD) have entered into a framework agreement for a RM575mil gross development value (GDV) property development in Kota Kinabalu, Sabah, known as The Shore.

Business

China firm CREC may invest more in Titijaya

KUALA LUMPUR: China Railway Engineering Corp (M) Sdn Bhd (CREC) does not deny having a stake in developer Titijaya Land Bhd, revealing that it does not discount the possibility to further invest in the company to be a larger equity partner.

Business

Titijaya partners CREC for RM2.1bil project

KUALA LUMPUR: Property development company Titijaya Land Bhd’s wholly-owned subsidiary Titijaya Resources Sdn Bhd has today signed a shareholders agreement with CREC Development (M) Sdn Bhd for the construction and development of a leasehold land at Embassy Row, Jalan Ampang.

Business

Titijaya proposes to buy 100% of property firm NPO Builders

Titijaya Land Bhd has proposed to acquire a 100% stake in property company NPO Builders Sdn Bhd for RM115.61mil via the issuance of shares, which will give it access to two pieces of prime freehold land that has proposed developments to the tune of RM2.4bil and estimated gross profits of RM600mil.

Business

Kwasa Land to invite Tier 2 developers for R3-1 project

KUALA LUMPUR: Kwasa Land Sdn Bhd will invite 28 pre-qualified Tier 2 developers for its next residential plot R3-1 at the multi-billion ringgit township in Kwasa Damansara in Sungai Buloh.

Business

Titijaya scales down 2016 sales target

PETALING JAYA: Titijaya Land Bhd has targeted RM400mil in sales for the financial year ending June 30, 2016, 20% lower than the RM500mil of sales it achieved in FY15. The prudent move is in light of the soft economic climate.