Its manager will proactively explore asset enhancement initiatives and ensure that the tenancy mix is able to meet the evolving demands and preferences of customers, shoppers and retailers.
Lembaga Tabung Haji to purchase a 70% stake in 59INC Sdn Bhd, which owns three parcels of land in Setapak
The group plans to apply to the Johor state authority to convert the land from agriculture use to commercial within a year after the acquisition is completed.
Group did not set a timeline to cease its property development business.
Outlook is supported by its RM670 million orderbook as of October this year, as well as its 104-acre landbank — spread across the Klang Valley, Kuantan and Melaka...
An industrial facility in Gebeng, Kuantan.
The plantations and property arms were listed as separate entities from the holding company.
The profit was largely contributed by its ongoing projects within the Klang Valley, Pahang and Johor, which saw impressive take-up rate.
The group noted that it has secured RM290 million worth of contracts so far, including the most recent RM208.7 million piling and general infrastructure works contract for Light Rail Transit 3 (LRT3).
After its wholly-owned unit Udapakat Bina Sdn Bhd sold a piece of land to the Kuala Lumpur Land Administrator for the Mass Rapid Transit project.