indepth

E&O to dispose of more non-core assets

To recap, its total capital commitment for STP2A is estimated at RM1.8 billion (including infrastructure costs) and it still has 507 acres (205ha) remaining to be reclaimed in other phases. The assets that could be disposed of, among others, include its hotels (such as Straits Quay and Lone Pine) and certain land banks that could collectively be sold for more than RM400 million.

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LBS Bina to launch projects worth RM2.35b this year

The group announced on Wednesday that its 51.9%-owned subsidiary Biz Bina Development Sdn Bhd has entered into a joint development agreement with YPJ Plantations Sdn Bhd (YPJ) for the proposed development of a 541.4-acre (219ha) plot of leasehold land in Sg Tiram, Johor.

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Prestariang acquiring new offices for RM25m

In line with the recent entry of EduCloud, an integrated education platform, Prestariang Bhd has proposed to purchase eight-storey semi-detached signature corporate office/retail suites in Cyberjaya for RM25 million to house transformational businesses.

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