Ibraco to buy four parcels of PJ land for RM37 mil
Ibraco Bhd has proposed to buy four parcels of vacant freehold land in Petaling Jaya.
Ibraco Bhd has proposed to buy four parcels of vacant freehold land in Petaling Jaya.
Hektar REIT said the earlier payment was due to the government changing the date of the Awal Muharram public holiday to Sept 22, from Sept 21.
ABM said its 27 commercial bank members have placed stringent processes for credit risk assessment, which is further supported by sound lending and valuation practices.
The rating firm pointed out that Malaysia's household debt currently stands close to 90% of the gross domestic product (GDP) — compared with 79.8% in Thailand and 75.3% in Singapore.
No final decision had been made yet, says managing director.
The latest remark by the bank-backed investment firm came as it maintained a “market weight” stance on the country’s real estate investment trust landscape, “given the lack of compelling catalysts in the near term”.
It said in a statement to Bursa Malaysia yesterday that it has yet to submit any application to Securities Commission Malaysia for its approval to establish the REIT.
Works on the job are expected to start on Sept 12, to be completed in nine months.
Kossan’s wholly-owned unit Ideal Quality Sdn Bhd signed a Sale and Purchase agreement with property development firm Andalas Development Sdn Bhd for the purchase of the freehold industrial land, measuring 4.27 million sq ft.
The stay will be in force until the Court of Appeal decides on the company's appeal against the High Court's decision to dismiss its application for a judicial review of the IRB action.