Would you kick your children out if they didn’t contribute to the household?

The historical island was, among other things, a leprosy patients settlement.

JHM said the acquisition is to enable the company to possess its own factory, instead of having its factory and operations offices in rented properties.

The piling and foundation specialist has 16 ongoing projects at various stages of completion, with an order book of RM1.2 billion as at end-March.

The property development and the property investment and management segments contributed 10% and 7% respectively to the group's revenue.

Its property development and investment division contributed RM25.9 million but registered a loss before tax of RM14.8 million for the quarter.

"The transaction complied with all the governance requirements and relevant laws that govern the bank. The bank shall continue to be transparent on this matter," Bank Negara said.

On Jan 5, The Edge Financial Daily reported that BNM bought a 22.5ha piece of land in Kuala Lumpur from the government for RM2 billion to be used primarily for the relocation of its Global Islamic Finance University and the International Shari’ah Research Academy for Islamic Finance.

The TNB Campus piling project and BBCC piling project are expected to contribute positively to the earnings of SunCon Group from the financial year ending Dec 31, 2018 onwards.

Targeting to achieve property sales of RM1 billion for the current financial year ending Dec 31, 2018.