Jaks Resources said the 1.214ha land, which houses a one-storey factory, within the Sungai Penaga Industrial Park, was sold to Hectare Square Sdn Bhd.
The first phase will be a mixed development comprising serviced apartments and commercial development, with a projected GDV of RM364.4 million.
Sime Darby Bhd said it has novated its rights and obligations under its Islamic debt papers programmes to Sime Darby Property
The property developer first announced its plan to list its manufacturing unit on HKEX on Sept 29, 2016.
Although the group is in diversification mode, the construction division will remain its core business.
Revenue from the property division was mainly derived from the disposal of land from the Kenny Heights joint venture project.
MMC said it remains positive of its prospects driven by stable performances of its operating companies together with contributions from ongoing construction projects.
“These awards demonstrate the hard work of each and every Ekovest employee and their commitment to grow the company. It also gives us the extra impetus to achieve greater milestones ahead.”
Plenitude said the contribution came mainly from the Bintang Maya double-storey terrace house project in Kedah as well as the Taman Putra Prima Phase 2C Aquamarine double- and triple-storey terrace house project in Selangor.