LBS launches RM472m Centrum Iris, Cameron Highlands’ largest mixed project
The unveiling of Centrum Iris establishes a new benchmark for integrated highland living in Malaysia.
The unveiling of Centrum Iris establishes a new benchmark for integrated highland living in Malaysia.
The group said its wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd, is divesting the 80% stake in Berjaya-Handico12 Co Ltd (BHandico12) to two Vietnamese firms, namely Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC.
All other segments recorded revenue growth except for the engineering services segment, which declined due to progression in the completion stage of ongoing engineering projects.
Suling Hill Development is a special purpose vehicle incorporated to develop an industrial park, also known as Northern TechValley (BKE), with ancillary facilities including necessary infrastructure, amenities and public utilities on the freehold vacant land in Seberang Perai Tengah, Penang.
NPI for the fourth quarter ended March 31, 2024 (4QFY2025) rose 1.
The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.
AME Elite said the notes have a three-year tenure and will mature on April 18, 2028, with a periodic distribution rate of 4.
AME Elite plans to allocate the majority of the proceeds towards further development of i-TechValley, as well as other industrial property projects and investments.
The contract is deemed a related-party transaction as Casa Inspirasi is an indirect subsidiary of LBS Bina, while LBS Bina's group executive chairman and largest shareholder Tan Sri Lim Hock San is also MGB’s group executive chairman.
NPI for the quarter ended Dec 31, 2024 (3QFY2025) was RM11.