Latest news with #Fiamma
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Fiamma seeks shareholder nod to regularise advances to JV firms, reallocates RM13 mil for Johor project
FIAMMA Holdings Bhd is seeking shareholder approval to formalise RM85.5 million in financial assistance to two associate companies involved in property development, and to reallocate RM13 million from renovation expenses to fund a mixed development in Johor Bahru. The proposed financial assistance comprises RM45.95 million to Dawn Land Sdn Bhd (DLSB) and RM39.56 million to Aricia Sdn Bhd (ASB), covering advances, accrued interest and expected future interest. Both entities are 30%-owned associates of Fiamma, with the remaining 70% held by BKG Development Sdn Bhd (BDSB). The move follows the subscription of shares by BDSB in DLSB and ASB in March 2025, granting it control of both firms and converting them into associate companies of Fiamma. Bursa Malaysia requires shareholder approval as the total advances exceed 5% of Fiamma's net tangible assets of RM711.7 million as at end-2024. The financial assistance will be funded through internal funds and borrowings. Separately, Fiamma plans to reallocate RM13 million from office renovation expenses to fund a new project under Affluent Craft Sdn Bhd, a unit involved in the Amberwood Resort Residences — a twin-tower serviced apartment development in Johor Bahru with an estimated gross development value of RM361.1 million. The Johor project is expected to commence in 4Q2025 and complete by 2Q2030. Fiamma's board and audit committee — excluding interested parties Datuk Seri Chiau Beng Teik and Chiau Haw Choon — said the proposals are in the best interest of the company and non-interested shareholders. Eco Asia Capital Advisory has been appointed as independent adviser. An EGM will be convened to seek shareholder approval. — TMR
The Sun
04-07-2025
- Business
- The Sun
Amberwood Resort Residences – new lifestyle address in Johor
JOHOR BAHRU: A new lifestyle destination has arrived in Johor with the launch of Amberwood Resort Residences, an exclusive development born from a strategic collaboration between PIJ Property Development Sdn Bhd (PIJ Property) and Fiamma Holdings Bhd (Fiamma), with Chin Hin Group Property Bhd (CHGP) appointed as the project manager. This partnership brings together local expertise, corporate strength and industry experience to deliver a resort-inspired living concept tailored for today's urban lifestyle. The Amberwood Resort Residences sales gallery is now open to the public, offering a first look at the thoughtfully crafted serviced apartments designed for a new generation seeking warmth, tranquillity and exclusivity in city living. Strategically located in Larkin, Johor Bahru, the 3.49-acre leasehold development comprises 824 serviced apartment units across two towers – 490 units in Tower A and 334 units in Tower B. Conceived as an urban oasis, the residences blend natural elements with private living environments. Units range from 1+1 to 3+1 bedrooms, with built-ups between 560 sq ft to 872 sq ft, and prices starting from RM390,000. Each unit is fitted with a smart home system, enabling residents to control lighting, air-conditioning, and security features for a seamless and secure living experience. Amberwood Resort Residences is a result of the strong synergy between three industry players. PIJ Property brings in-depth knowledge of Johor's development landscape and a deep understanding of local community aspirations. Fiamma contributes with its robust corporate capabilities and proven track record in property development. Meanwhile, CHGP as project manager, ensures that every aspect of execution and marketing aligns with the brand's high standards of quality and excellence. With its strategic location, comprehensive amenities, and thoughtfully designed resort-inspired living concept, Amberwood Resort Residences is poised to become one of Johor's most sought-after addresses.
The Sun
03-06-2025
- Business
- The Sun
Fiamma records robust Q1 FY25 performance, driven by trading, property segment gains
KUALA LUMPUR: Fiamma Holdings Bhd recorded revenue of RM98.56 million for the first quarter (Q1) ended March 31, 2025 (FY25), a slight increase from RM95.60 million in Q1 of last year. Profit before tax surged by 761% to RM41.09 million from RM4.77 million in Q1 FY24, supported by strong operational performance across all segments and a one-off gain arising from the dilution of equity interests in subsidiaries. The trading and services segment, contributing 79.2% of total revenue, achieved steady growth, increasing to RM78.01 million from RM77.10 million previously, with segment PBT improving to RM10.91 million from RM9.30 million. This reflects sustained demand and efficient operational management. The group's property development segment showed notable improvement, contributing 19.5% of total revenue. Revenue rose to RM19.25 million from RM17.32 million, and the segment returned to profitability, achieving a profit before tax of RM0.80 million compared to a loss of RM1.44 million in the same quarter last year. Commenting on the encouraging quarterly performance, Fiamma group CEO Tan Chee Wee said the company's robust Q1 FY25 performance reflects the continuous efforts to enhance operational efficiency and capitalise on market opportunities. 'The strategic joint venture with Samyou to launch our new Vino brand in the air conditioner segment underscores our commitment to diversifying our product offerings and driving future growth. 'Additionally, we remain dedicated to ongoing investments in brand-building initiatives to strengthen our market presence and competitive edge,' he said in a statement. Fiamma recently entered into a strategic joint venture with Samyou to establish its presence in the air conditioner market through the new Vino brand, expanding its product portfolio and leveraging synergies between both companies. Looking ahead, Fiamma remains optimistic about its growth trajectory despite global economic uncertainties. The group is focused on innovation, operational enhancements, and product portfolio expansion, particularly in smart and energy-efficient solutions. Ongoing and planned property development projects, including those in Johor Bahru, Sungai Besi, and Kuala Lumpur, are expected to positively contribute to future profitability. 'Our strategic focus remains clear: enhancing operational efficiency, expanding our distribution channels, and consistently delivering innovative solutions to ensure sustainable growth and value for our stakeholders,' Tan said. Looking ahead, Tan said Fiamma remains optimistic about its growth trajectory despite global economic uncertainties.
The Star
03-06-2025
- Business
- The Star
Resort-inspired living in the heart of the city
With its strategic location, comprehensive amenities and thoughtfully designed resort-inspired living concept, Amberwood Resort Residences is poised to become one of Johor's most sought-after addresses. JOHOR BARU: A new lifestyle destination has arrived in Johor with the launch of Amberwood Resort Residences, an exclusive development born from a strategic collaboration between PIJ Property Development Sdn Bhd (PIJ Property) and Fiamma Holdings Bhd (Fiamma), with Chin Hin Group Property Bhd (CHGP) appointed as the project manager. This partnership brings together local expertise, corporate strength and industry experience to deliver a resort-inspired living concept tailored for today's urban lifestyle. The Amberwood Resort Residences Sales Gallery is now open to the public, offering a first look at the thoughtfully crafted serviced apartments designed for a new generation seeking warmth, tranquillity and exclusivity in city living. Strategically located in Larkin here, the 1.42ha leasehold development comprises 824 serviced apartment units across two towers — 490 units in Tower A and 334 units in Tower B. Developed as an urban oasis, the residences blend natural elements with private living environments. Units range from 1+1 to 3+1 bedrooms, with built-ups between 560 sq ft to 872 sq ft and prices starting from RM390,000. Each unit is fitted with a smart home system, enabling residents to control lighting, air-conditioning, and security features for a seamless and secure living experience. Amberwood's location offers exceptional accessibility. Just eight kilometres from Bukit Chagar Station, the upcoming hub of the Rapid Transit System (RTS) that links Johor Bahru to Woodlands, Singapore, the development is also well connected to key routes like the Skudai Highway, Jalan Sultan Ismail, and Jalan Tun Abdul Razak — making commuting for work or leisure quick and convenient. Residents will enjoy effortless access to a variety of city attractions, including Johor Street Market, Danga Bay Sunset Viewpoint, Istana Bukit Serene, Stadium Larkin and the Johor Youth and Sports Complex — all located within a five-kilometre radius. Retail and entertainment are just around the corner with malls such as Angsana Mall Johor Bahru, Beletime Danga Bay, SKL City Mall, Paradigm Mall JB, and Mid Valley Southkey nearby. Healthcare services including KPJ Puteri Specialist Hospital, Larkin Health Clinic and Sultanah Aminah Hospital, as well as education institutions like SMK Bandar Baru Uda, SM Tasek Utara and IKM Johor Bahru, are also within close proximity—making this an ideal address for modern families. A strategic partnership Amberwood Resort Residences is a result of the strong synergy between three industry players. PIJ Property brings in-depth knowledge of Johor's development landscape and a deep understanding of local community aspirations. Fiamma contributes with its robust corporate capabilities and proven track record in property development. Meanwhile, CHGP, as the project manager, ensures that every aspect of execution and marketing aligns with the brand's high standards of quality and excellence. With its strategic location, comprehensive amenities and thoughtfully designed resort-inspired living concept, Amberwood Resort Residences is poised to become one of Johor's most sought-after addresses.
India.com
26-05-2025
- Entertainment
- India.com
Final Destination HORROR: Theatre Ceiling Collapses On Woman During Movie Screening In Argentina
New Delhi: Like Like any other moviegoer, a 29-year-old woman had planned a perfect birthday surprise by watching Final Destination: Bloodlines at a movie theatre. But it turned into a truly horrific experience in real life. The sixth installment of the American horror franchise has been running in cinemas since May 16, 2025. Final Destination turned real when Fiamma Villaverde witnessed horror on her special day — a large piece of the ceiling collapsed on her. Viral images of the incident show a significant hole in the ceiling and debris scattered on the floor between the aisles. A woman in Argentina was injured after a piece of the ceiling fell during a screening of #FinalDestinationBloodlines . It narrowly missed hitting her head - she was leaning slightly on the arm of the sofa. _ — ______ _________ (@UnlHorror_) May 26, 2025 The ceiling of Cinema Ocho in La Plata, the capital city of Argentina's Buenos Aires, collapsed mid-screening of 'Final Destination 6 screening leaving Fiamma injured who had taken her 11-year-old daughter and a friend to watch the film. Fiamma sustained a knee injury and was taken to a nearby hospital as a precautionary measure. Recalling the horrofic incident, Fiamma said, "A really loud noise was heard. At first, we thought it was a part of the movie because we were so engrossed; but immediately after, a piece of rubble fell on me." She further said, "It didn't hit my head because I was slightly leaning over the armrests." Fiamma further stated that pieces struck her shoulder, back, knee and ankle. She said this while speaking to Infobae. According to the media portal, The shocking incident happened on May 19, 2025 at 9 p.m. around 40 attendees had their viewing experience cut short as the roof of theater No. 4 let down debris. Final Destination: Bloodlines is Directed by Zach Lipovsky and Adam Stein. The sixth part of this supernatural horror franchise stars Tony Todd, Kaitlyn Santa Juana, Teo Briones, Richard Harmon, Owen Patrick Joyner, Rya Kihlstedt, Brec Bassinger and Anna Lore in crucial roles. The sequel at the worldwide box office has minted around $187 million. Meanwhile, The 29-year-old Fiamma is still shaken as the experience and has been planning to file a complaint and has contacted her lawyer, as per the portal.
