Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later.
The proposed development are of a 1,000-acre Johor-Shenzhen Industrial Park in Ulu Sedili, together with a 50-acre Johor-Shenzhen Innovation Development Hub in Johor Bahru.
The real estate developer plans to launch projects worth RM2.4 billion in gross development value this year, including some delayed projects.
PTSI is the owner and operator of the Encore Melaka theatre, which offers a 360-degree rotating platform and a seating capacity of approximately 2,000.
The new F&B tenants are Kenangan Coffee and Long John Silver’s that are expected to open in May and July, respectively.
The company said its unit Crest Builder Sdn Bhd has accepted a letter of award for the construction of the Sunway Velocity 3 commercial development in Kuala Lumpur.
Syed Mohamed, 65, is replacing Datuk Ikhwan Salim Sujak, 67, who retired at the end of his one-year term on Feb 28.
The plan comprises the RM3.5 billion waterfront township Tebrau Bay, RM500 million mixed waterfront development Danga Rivera, and RM330 million mixed-use development project Danga Heights.
The proposed disposal, at RM34 million, "would be a great stress relief to the group’s cash flow as compared to retaining the land for a potential loss-making development".
IJM Land Bhd has launched The Promenade, the latest commercial development of Bandar Rimbayu township, in Telok Panglima Garang, Selangor on March 1 and has since achieved a 60% take-up rate.
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