S P Setia Bhd (KL:SPSETIA) says it has started pre-IPO (initial public offering) preparatory works to explore the establishment of a real estate investment trust that will have a diverse asset portfolio.
S P Setia Bhd (KL:SPSETIA), which previously failed to sell its 959.72-acre Tebrau land to Scientex Bhd (KL:SCIENTX) due to Bumiputera requirement issues, has finally sold the plot to a company linked to tycoon Tan Sri Syed Mokhtar Albukhary for RM564 million, cash.
The company did not disclose the buyer but identified it as “a leading global data centre industry player”.
A press statement said 75 London Wall, which was earlier referred to as Winchester House and was formerly the UK headquarters of Deutsche Bank, is expected to be turned into office spaces.
The pace of sales growth was faster than the 5.2% year-on-year increase in March.
The LSS3 plant, comprising 35MW of floating solar photovoltaics and 65MW of ground-mounted solar photovoltaics, is now fully operational, contributing renewable energy to the national grid.
Yong Tai said it is preparing to resume shows at Encore Melaka next month.
The first tranche of RM465.5 million was redeemed in June 2023 and the second tranche of RM179 million in October 2023.
Muhamad Mat Yakim said that the Kedah MB met with a delegation from China's Henan Airport Group on Sunday.
The group said it had acquired the land — which forms part of the master land measuring 403.78 acres within Eco Business Park VI (EBP VI) — in September 2023 at RM12 per sq ft.
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