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Terratech Group

Equity raising

Capital World to raise $18.3 mil from 2 private investors

SINGAPORE (July 15): Capital World, formerly known as Terratech Group, entered into a term sheet agreement on July 10 with two individuals – Yuan Zhiwei and Chng Chor Tong – relating to a proposed issuance of new ordinary shares of the company.

Broker's Calls

The property developer with a potential 300% upside, according to Tayrona

SINGAPORE (Oct 31): Tayrona Financial believes Malaysia-based property developer Capital World, formerly known as Terratech Group, has a “compelling upside of almost 300%” amid "improving fundamentals that justify a rerating".

Results

Capital World's 3Q earnings halve to $6.5 mil on lower revenue, higher expenses

SINGAPORE (May 8): Capital World, the property developer formerly known as Terratech Group, reported earnings of RM19.2 million ($6.5 million) for the 3Q ended March, down half from its earnings of RM38.4 million a year ago due to lower revenue and higher

Results

Capital World posts 90% surge in 2Q earnings to $5.9 mil on higher revenue

SINGAPORE (Feb 6): Property developer Capital World, formerly known as Terratech Group, saw its earnings jump 90.2% to 17.4 million ringgit ($5.9 million) for the 2Q ended December, from 9.2 million ringgit a year ago.

Results

Capital World reports 34% rise in 1Q earnings to $6.4 mil

SINGAPORE (Nov 15): Capital World, formerly known as Terratech Group, reported 1Q18 earnings rose 33.8% to RM19.7 million ($6.4 million) on the back of a 59.5% increase in revenue due to higher percentage of works completed.

Terratech to morph into property developer in RTO deal

SINGAPORE (June 9): Malaysian property developer Capital City Property is seeking a listing on the Singapore Exchange’s Catalist board through a reverse takeover of marble products producer Terratech Group.
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