The initial property portfolio includes the Bukit Tinggi Shopping Centre, which will be acquired from Gemilang Waras Sdn Bhd, a wholly-owned unit of WCT, for RM680 million, with RM350 million settled in units and RM330 million in cash.
The contract, awarded by Eco Sanctuary Sdn Bhd, covers phases one to four of the proposed Seruma Integrated Development at Eco Santuari, according to a bourse filing.
The IPO, priced at 88 sen per share, comprises 132 million new shares and an offer for sale of 59 million existing shares, according to the prospectus released on Friday.
EcoWorld’s steady accumulation of recurring income receives boost from rental agreement with Google affiliate, Pearl Computing.
Paragon Pinnacle Sdn Bhd, a subsidiary of EcoWorld, agreed to sell 58.
The first phase of the development called Residensi Akasia is part of the Rumah Selangoku affordable housing scheme and offers a total of 963 units spread across two towers.
“Approvals under the previous policy stand at 57,686, comprising 28,209 principals and 29,477 dependents.
The group declared a third interim dividend of 1.
From the banking industry to real estate, Stephanie Chen of Tech Real Estate Sdn Bhd reflects on challenges, career breakthroughs and future goals PETALING JAYA (Feb 20): As 2018 came to an end, Stephanie Chen, then a relationship manager in the banking industry, decided to make a total career change.
“The government will consider allowing them [including industry players at KHTP] to apply for the new electricity tariff to be implemented simultaneously with the rest of Peninsular Malaysia in July — we are evaluating this due to its financial cost implications.
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