News by Sangeetha Amarthalingam

In a filing with Bursa Malaysia yesterday, Sunway said the notice states that a development agreement between Sunway City and the state government signed on Sept 11, 1997 had lapsed.

PDC general manager Datuk Rosli Jaafar said a fresh RFP is necessary since the “new technical conditions” to make the project viable would depart from the original RFP.

The 113.2ha freehold land is in Mukim Bentong, Pahang

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.

DPS said Shantawood’s JV with landowner Biotrend Estate Sdn Bhd (BESB) is to develop the 15.37ha land using an existing master plan endorsed by Majlis Bandaraya Melaka Bersejarah

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.

Mah Sing Group Bhd has succeeded in the High Court to strike out the claims by seven persons that the RM359.5 million sale and purchase agreement (SPA) between Mah Sing’s wholly-owned unit and three land trustees is invalid.

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.