Through this partnership, UOW's wholly-owned subsidiary UOW Global Enterprises will take up 65% stake in the business and operations of KDU University College and KDU Penang University College respectively, and a 70% stake of that in KDU College for RM38.5 million.
The hotel is scheduled for completion in the first quarter of 2023 and will be sited in a mixed development.
In a joint statement today, the group said Kuala Lumpur City Hall and Selangor should take into consideration that the city is not just for local residents, but also for domestic and foreign tourists
First phase spans over a 30-year development period covering 10,926 hectares.
Yesterday, S P Setia and Sime Darby Property Bhd announced they're selling their stakes in the Phase 2 commercial assets at the Battersea Power Station site in London to PNB-Kwasa International 2 Ltd for £1.583 billion (RM8.35 billion).
“Felda is thankful to the MACC for their diligent findings, as all these contribute to enabling greater professionalism and higher standards of integrity within the organisation."
In a statement yesterday, Finance Minister Lim Guan Eng said the ministry has noted Felda’s critical cash flow issue this year, which has come to the attention of Prime Minister Tun Dr Mahathir Mohamad who then directed the assistance to be given.
The tally was achieved after its latest combined RM1.4 billion bond and sukuk issuance to raise proceeds to fund the purchases of mortgage loans and Islamic home financing from the domestic financial system.
Online portal Malaysiakini this morning reported that Low, in a statement from his spokesperson issued through his lawyers, said the article contained "half-truths" and blamed Prime Minister Tun Dr Mahathir Mohamad's administration for it.
The bulking hiring activities have slowed down since May 2018 and companies have since focused on getting their projects approved or reapproved by the new government, the agency said in its 2019 market outlook report.