The proposed high-rise development comprises three tower blocks: 46-storey Tower A, 49-storey Tower B, and 30-storey Tower C encompassing 536, 572 and 268 units respectively.
In a filing with Bursa Malaysia yesterday, Sasbadi said the property had an audited book value of RM7.85 million as at end-August 2019.
Boustead had been subject to criticism due to high debt strain from its expansion exercises.
Apart from the proposed diversification, Titijaya had in April signed an agreement with China's Sinopharm Medical Equipment QuanZhou Co Ltd to collaborate on sale of medical industry-related equipment and real estate
The current alignment of the ECRL, which links Kota Baru to Port Klang, is slated to cost RM44 billion — or RM64 million per km.
In a filing ysesterday, Parkson said Parkson Haipong and the buyer, Thuy Dong Construction & Trading Joint Stock Co, took into account the market valuation of US$9.5 million on the property in arriving at the US$10 million (S$13.1 million) purchase consideration.
“The ministry views seriously all development projects, especially those under EIA purview. The EIA is a requirement of law under Section 34(A) of the Environmental Quality Act 1974."
“I am not sure if the minister realises the full implication of his answer,” PKR MP Fahmi Fadzil told a press conference at Parliament lobby today. “Surely many will now ask if they are bound under the Act when publishing videos on social media.”