Penang Chief Minister Chow Kon Yeow will be taking legal action against the president of the Penang Chinese Chamber of Commerce (PCCC), Tan Sri Tan Kok Ping, for allegedly making defamatory statements against him.

AREA Real Estate Advisory Sdn Bhd has completed a commissioned feasibility study to assess the viability of a freehold industrial site located at the Delapan Special Border Economic Zone (Delapan SBEZ). The site has been selected to be developed into a hyperscale data centre park called the AREA Data Centre Campus (ADCC).

Plenitude Bhd’s Hibiscus, comprising 199 double-storey homes in its 285.5-acre Impian Hills township in Ulu Tiram of Johor, has achieved a take-up rate of 50% since its preview in August.

Hua Yang Bhd’s net profit rose 58.75% to RM535,000 for the second quarter ended Sept 30, 2023 (2QFY2023) from RM337,000 a year earlier, amid a surge in revenue.

AMMB Holdings Bhd has provided a RM450 million financing facility to Eastern & Oriental Bhd’s (E&O) unit to fund the development of the Andaman Island project in Penang.

Following the Umech land sale controversy, the Penang Development Corporation (PDC) board, chaired by Chief Minister Chow Kon Yeow, has instructed the management to prepare a paper to review the sale of land for projects that would be implemented on PDC land in the Batu Kawan Industrial Park 2 (BKIP2).

Noteworthy:

• Freehold
• Built up size: 2,400 sq ft
• Land size: 3,334 sq ft
• 4 bedrooms, 3 bathrooms
• Semi detached
• Unfurnished
• Nearby amenities : convenience stores, supermarkets, restaurants, Pearl Point Shopping Mall, The Gardens Mall,  LRT Universiti
• Accessibility :KESAS highway, NPE highway

When: February 2023

Valiant First Sdn Bhd has filed a suit against aviation and defence company Destini Bhd, seeking specific performance for the completion of the sale of two plots of land in Glenmarie and Bukit Jelutong.

MHub is collaborating with RHB Bank in “a transformative partnership that aims to revolutionise the property buying and selling experience”.

Even though the RM646.02 million land deal between Penang Development Corp (PDC) and Umech Land Sdn Bhd — a 70%-owned subsidiary of Sunway Bhd — has been cancelled, the state needs to explain how the controversial agreement came to be signed, the Penang Chinese Chamber of Commerce (PCCC) insisted on Wednesday.