Bina Puri said the MoU — which will remain in effect for one year — is aligned with the market's green initiatives that are expected to bring value creation to the businesses.
Block C will comprise 393 lakefront condominium units. The freehold units will have built-ups from 840 to 1,246 sq ft with prices starting from RM570,000. Due to be completed by the second quarter of 2025 (2Q25), the units will have a dual key concept that is designed for multi-generational living and additional rental yield.
“Investing in prime residential remains one of the preferred investment priorities for the UHNWIs."
The placement will also improve the group's public shareholding spread to 29.96% from 22.95%.
The notice served by Mak and Tan also seeks the appointment of both of them, along with Ooi Kek Keong, as new directors of the group.
“Parties are to exhaust affidavit by May 17.”
Set to be launched on April 24, Hevea Phase 2 in the City of Elmina, Shah Alam has a gross development value (GDV) of RM114 million, and will comprise 68 semi-detached houses and a bungalow unit. Sprawled on a 10.61-acre tract, the units will have built-ups from 3,130 sq ft and prices starting from RM1,884,888.
Ad hoc prosecutor Datuk V Sithambaram noted that the flow charts Apandi held during his infamous press conference to exonerate Najib on Jan 26, 2016 had in fact clearly showed that the RM42 million that entered the former premier's accounts were from SRC International and not from Arab donations or from any other sources.
Najib had failed to rebut that Nik Faisal was his messenger for matters relating to SRC and therefore had clear control over SRC.
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