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Dubai World to meet creditors panel next week

DUBAI: Government-owned Dubai World will meet its main creditors next week to discuss a request to delay payment on US$26 billion (RM87.88 billion) in debt that has shaken global markets and confidence in the Gulf Arab business hub.

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WCT Bhd awarded contract under proposed new LCCT development

KUALA LUMPUR: WCT Bhd has been awarded a works contract under the proposed development of the new low cost carrier terminal (LCCT) and associated works at the KL International Airport in Sepang, Selangor. The contract with a value of RM363 million was awarded by Malaysia Airports Holdings Bhd.

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#Flash* Mah Sing eyes US$620m China mixed property devt

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.
The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

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Mah Sing plans RM280m high-end condos in Penang

KUALA LUMPUR: Mah Sing Group Bhd has proposed to acquire 13,694.94 sq metres of prime freehold land in Pykett Avenue, Georgetown, Penang for RM38.65 million.
The property developer said on Wednesday, Dec 2 the proposed acquisition of the land, measuring (147,416 sq ft or 3.38 acres), was for about RM262.19 per sq ft.

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Mah Sing eyes US$620m China mixed devt

KUALA LUMPUR: Mah Sing Group Bhd is teaming up with China's Danlong Realty (Beijing) Ltd to undertake a mixed development property project in Jiangsu province, with an estimated investment cost of US$620 million.

The company said on Wednesday, Dec 2 the project would be undertaken on an 87.31 acres site, west of Wuyi road in the Wujin district.

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