Hatten said the 6.1-acre freehold land and 6.7-acre leasehold land of 99 years (expiring May 5, 2108) are located in Klebang.

LBS said under the approval, the land will be divided into two plots, namely East Land and West Land.

Sold for: RM1.57 million (RM783 psf); Concluded by: Jerro Loh (E2417) of J Maison Realtor (012-281 2078); When: Aug 28, 2017

The rights issue and renounceable rights issue of the RCPS-i B are expected to raise RM1.2 billion per exercise, or RM2.4 billion in all.

Econpile has also secured three other contracts.

The company will be meticulously planning the development in order to add value.

Yang Huiyan, the majority owner of Chinese property developer Country Garden Holdings Co Ltd, is listed as No. 6 in the Forbes China Rich List 2017.

The company said it had also registered a RM278 million gain from the sale of its 40% stake in Seriemas Development Sdn Bhd.

The store is its first in southern Peninsular Malaysia and its largest in Southeast Asia.

The hearing for the stay application to stop a proposed high-density mixed development in Taman Rimba Kiara (TRK) is fixed at Dec 13 at the Kuala Lumpur High Court.