Majuperak Holdings Bhd (KL:MJPERAK) said its proposed disposal of two parcels of land and a building in Ipoh, known as Brewster Village, has been called off after the non-fulfilment of conditions precedent within the stipulated timeframe.
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Pavilion Real Estate Investment Trust or Pavilion REIT (KL:PAVREIT) on Wednesday cautioned that its operating margins may come under pressure moving forward due to higher service taxes on commercial rentals, minimum wage hikes and subsidy rationalisation.
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When: May 2025
The Federal Court has deferred its decision on the judicial review challenging the Selangor state government’s action to remove Bukit Cherakah’s forest reserve status.
The new parking concession, dubbed the Smart Integrated Parking (SIP) scheme has raised legal, commercial and operational concerns due to the limited information disclosed so far
Income will likely come from land disposals and property development.
While SunCon maintains this is an isolated incident with no senior management involvement, reputational risks could temporarily advantage rivals like Gamuda Bhd (KL:GAMUDA) and IJM Corp Bhd (KL:IJM), according to CGS International.
“For the first half of this year we had a pretty good year."
Idros, 53, brings with him nearly three decades of experience in strategic investment and real estate, primarily at PNB.
The notice of motion, filed via the company’s solicitors Messrs Chooi & Co, is understood to have been served on the Attorney General's Chambers on Monday.
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