SGX:SJY

3 stories mentioning SGX:SJYUpdated 36d ago

Every FINWIRES story that references SGX:SJY, newest first.

MeGroup Swings to Loss in Fiscal H2

MeGroup (SGX:SJY) booked a loss attributable to equity holders of 2.1 million Malaysian ringgit in the fiscal second half ended March 31, against an attributable profit of 1.0 million ringgit a year earlier, according to a Tuesday filing with the Singapore Exchange.Loss per share came in at 0.0177 ringgit compared with earnings per share of 0.0085 ringgit in the year-ago period.Revenue declined 15% year over year to 168.5 million ringgit from 199.2 million ringgit.

SGX:SJY

Asia55d ago

Singapore Shares Eke Out Gains; MeGroup Rises 9%

Singapore shares closed marginally higher on Wednesday, as investor sentiment improved on hopes of the US and Iran reaching a peace deal.The Straits Times Index ranged between 4,915.13 and 4,935.68 throughout the day. It ended the session little changed in positive territory at 4,927.38.On the corporate front, shares of MeGroup (SGX:SJY) rose 9% after its subsidiary, Menang Nusantara, agreed to acquire two freehold commercial units in Malaysia for 14 million ringgit.Ley Choon (SGX:Q0X) closed nearly 5% higher as its subsidiary, Ley Choon Constructions and Engineering, secured underground utilities services contracts worth SG$35.6 million.Meanwhile, Centurion Accommodation REIT (SGX:8C8U) gained 2% as its net property income reached SG$37.5 million in the first quarter, above the expected SG$36.6 million.

^STISGX:8C8USGX:Q0XSGX:SJY

Asia56d ago

MeGroup Unit Acquires Freehold Commercial Properties in Malaysia; Shares Jump 9%

MeGroup's (SGX:SJY) subsidiary, Menang Nusantara, agreed to acquire two freehold commercial units in Malaysia from Welloyd Properties for nearly 14 million ringgit, according to a Tuesday filing with the Singapore Exchange.Shares of the acoustic and component systems manufacturer surged over 9% in Wednesday trading.The units are located in Klang, Selangor and comprise two-story semi-detached commercial buildings each.Under the agreement, Welloyd will complete construction of the properties and deliver vacant possession to the company's unit within 36 months from the date of the agreement or from the receipt of regulatory approval for development, whichever is later.The move is in line with the company's strategy to expand its retail dealership network in the region.

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