Paragon Union Bhd is selling industrial land in Cheras, Selangor for RM17.5 million to D’nonce Technology Bhd with proceeds from the sale earmarked chiefly for working capital and repayment of bank borrowings.
Delapan SBEZ — of which Northern Gateway is the master developer — features a free commercial and industrial zone located at the northern end of the North-South Expressway and the Malaysia Federal Route 1, with an access to the Bukit Kayu Hitam Inland Port.
Ranjan Chandran, the lawyer for the 36 buyers who are seeking to be interveners to oppose the CVA, submitted on Wednesday (Jan 4) that the CVA was usually intended for ailing companies and not for abandoned developments.
Ireka Corp Bhd said the RM163.9 million contract awarded to its unit Ireka Engineering & Construction Sdn Bhd (IECSB) back in end-June 2020 has been terminated.
“Existing controls by immigration on entry of foreigners will be tightened further, and it is not targeting any specific nation. All nationalities, especially from countries with higher infection, be it the US or China, we will monitor.”
Crest Builder Holdings Bhd has secured a construction contract worth RM250.52 million from Sime Darby Property (Bukit Raja) Sdn Bhd.
RHB Research has turned "overweight" on the property and real estate sector, as the interest rate upcycle is expected to slow down in the first and second quarters of 2023 (1Q-2Q2023) amid lower political uncertainties.
Berjaya Leisure Capital (Cayman) Ltd (BLCC) has received valid acceptances amounting to 39.43 million shares, representing a 22.23% stake, in Informatics Education Ltd (IEL) at the close of the cash offer by the Berjaya Land Bhd subsidiary.
The construction firm’s wholly owned subsidiary Sunway Construction Sdn Bhd entered into the contract with Yellowwood Properties Sdn Bhd on Dec 31, 2022.
However, the date of payment has yet to be decided.
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