Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.

Lion Industries Corp Bhd has scrapped its plan to acquire 80 acres of sub-divided leasehold agriculture land in Sepang for RM23 million.

Peir Shenq retracted his resignation in the late evening of Monday, but did not explain his change of heart.

It was responding to a Bloomberg report on Aug 2, quoting people with knowledge of the matter, that KLCCP, along with China Investment Corp, are among potential bidders for a stake in the office tower.
 

They want the caretaker menteri besar to remove and retract "all the defamatory statements" he allegedly made against Tan and BLand in a speech at a public event last week by Tuesday, or face legal action.

The contract, worth RM10.7 million, was awarded to its wholly-owned subsidiary TCS Construction Sdn Bhd by Impiana Impresif Sdn Bhd, a wholly-owned unit of BRDB Developments Sdn Bhd.

PLB Engineering Bhd is disposing of two pieces of land measuring 9,741 square metres or 2.41 acres in Penang for RM26.21 million, which will result in a one-off disposal gain of RM10.76 million.

EdgeProp was present over the weekend at the gallery showcases of two of EdgeProp START’s partners, Skyworld Setapak and JKG Land.

Property developer Magna Prima Bhd is selling its entire equity interest in loss-making 33 Sentral Park Sdn Bhd, which owns two pieces of adjoining residential land measuring a total of 6.9 acres and fronting Jalan Gasing in Petaling Jaya, Selangor, to Glomics Holding Sdn Bhd (GHSB) for RM65 million.

Fitters Diversified Bhd has terminated its initial 18.97-hectare land disposal to Aikbee Development (Kepong) Sdn Bhd for RM36 million, owing to the buyer’s failure of payment.