AZRB rises on RM138m Universiti Teknologi Petronas construction job
As at 10:09am, AZRB shares pared gains at 95 sen with 122,000 shares traded.
As at 10:09am, AZRB shares pared gains at 95 sen with 122,000 shares traded.
The contract works are expected to be completed in the next 30 months until July 15, 2020.
Rented for: RM4,100 (RM5.95 psf); Concluded by: Chong Teck Seng (REN 05043) of MIP Properties Sdn Bhd (012-873 1283); When: August 2017
Called Northbank, it will be located in the greater Tabuan area.
Proposed development will comprise 260 residential units.
It is already almost as tall as the Petronas Twin Towers.
The sukuk represents the first tranche in a RM3 billion Sukuk Murabahah programme that was established with a tenure of up to 15 years from the date of the first issuance.
“Developers are expected to take stock of the situation by reviewing and re-planning their proposed products and may further defer property launches.”
The land is supposed to be for the Kuala Lumpur Vertical City (KLVC) development project which will comprise seven towers, including Felda’s KLVC Tower1A.
The losses were caused by the provision for impairment of balance of sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd (GMOC), which amounted to RM155.08 million.