“With the prospects of the durian industry, the board is optimistic that the proposed acquisition will enable the group to build on the existing durian business operations, to ensure a steady supply of fresh and processed durian fruits and to increase the production and processing capacity.”
The land parcels also come with two units of three-storey semi-detached factories erected on them.
BLand said its wholly owned subsidiary Berjaya Engineering Construction Sdn Bhd on Dec 14 entered into a sale and purchase agreement with Deru Klasik Sdn Bhd for the land acquisition.
Under the proposal, TAG shareholders are given the choice of either a cash offer of 28 sen per existing share held, or a share swap based on an exchange ratio of 0.4211 new ordinary shares in TAE to be issued at 66.5 sen each for every TAG share surrendered.
The project in Langkawi will have a premium outlet, an International Cultural and Tourism Village, a hotel, and food a beverage outlets, according to Bina Darulaman's stock exchange filing today. Perbadanan Kemajuan Negeri Kedah has a 67.28% stake in the company as of May 29, 2020.
The hotel sits on a parcel of freehold land measuring at 2.5 acres, and has ceased operations.
In a statement to the Singapore bourse yesterday, YTL Starhill Global REIT Management Ltd, the manager of Starhill Global REIT, said the issuer had priced the S$100 million Series 002 perpetual securities with a coupon payment or annual interest payment of 3.85%.
Of the RM10 billion, 50% will come from Australia while the remaining will come from Penang
"The property and construction sectors should be the beneficiaries if HSR moves on."
Background details on the deceased were obtained from his family and local authorities.
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