Ho Hup seeks court order to formulate scheme of arrangement
Ho Hup said details of the scheme of arrangement will be announced later.
Ho Hup said details of the scheme of arrangement will be announced later.
“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.
Of the West Coast Expressway’s 11 sections, eight have been completed and begun operations — the most recent being Section 2, which commenced in January this year.
Dixon said that the signing of the company’s newest Signature location comes as the demand for quality hybrid work solutions and access to a vast network of locations across Malaysia continue to rise.
Fong was initially suspended for two weeks from April 7 as a precautionary measure to facilitate an independent review into alleged misconduct that may have breached the company’s internal policies and terms of employment.
Analysts said the development reinforces EcoWorld’s long-term growth prospects from resilient demand for industrial assets, while the price tag for the project land is also fair.
The Vision Business Park (VBP) features an 80:20 industrial-to-commercial ratio, with 623 acres for industrial use and 137 acres for commercial businesses of all sizes.
The construction company said it received a demand notice from Insas Credit & Leasing Sdn Bhd over Ho Hup’s role as guarantor for its wholly-owned subsidiary Bukit Jalil Development Sdn Bhd, which failed to repay the outstanding loan amount.
There’s a quiet joy in tending your own garden, feeling cool, crisp air drift through open windows, and living in a space that’s truly yours.
EdgeProp Malaysia hosted its first YouthFest, offering a platform for the young Malaysians to engage with their home-buying experience.