Confirming a report today in The Edge weekly, the property developer said its 99.99%-owned indirect subsidiary, Sunsuria City Sdn Bhd (SCSB), and 99.99%-owned direct subsidiary, Sunsuria Gateway Sdn Bhd (SGSB), have signed an agreement with one of Ever Rich's real estate investment arm, Welcome Global Co Ltd.
MWE said it had entered into two separate sale purchase agreements. The first was by its indirect wholly-owned unit Melati Mewah Sdn Bhd that will sell the 48.2ha lands in Mukim Raja, Petaling Jaya, Selangor, to Pristine Primawera Sdn Bhd.
Malaysian Resources Corp Bhd (MRCB) said the Employees Provident Fund (EPF) has offered to acquire an 80% interest in ‘exchange’ land that the company will be receiving under the National Sports Complex privatisation project, for RM421.5 million.
E&O said the termination of the proposed admission of E&O UK into the Alternative Investment Market (AIM) on the LSE is not expected to have an impact on the consolidated earnings per share and net assets per share of the group for the financial year ended March 31, 2016.
Spring Gallery said its wholly-owned subsidiary Profit Sunland Sdn Bhd had signed a managing contractor agreement with Prinsip Nusantara Sdn Bhd for the proposed project.
State science, innovation and information technology, communications, high technology and human resources committee chairman Datuk Norsabrina Mohd Noor said studies conducted by the state indicate that the airport, estimated to cost RM1.6 billion, should be full-fledged to cater to the growth in the Kulim Hi-tech Park.
LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.
Gaining control of ML Global would help pave way for LBS Bina to spread its wing in infrastructure building.