The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus.
The leasehold land, measuring 23,512 square metres at Tampines, will be used for a mixed commercial and residential development.
This is the second subcontract KJTS received from Sunway Engie within a month.
The company, which is 57.
AREA has also signed an option agreement with Northern Gateway to acquire another 126 acres in the same location for the second phase of ADCC two years later.
The Edge reported last year that the High Court had set aside a corporate voluntary arrangement (CVA) by True Renaissance Development Sdn Bhd for the Empire Remix development.
Once finalised, together with ITRAMAS Corporation Sdn Bhd (ITRAMAS) and CMEC, these five companies will occupy a combined land size of 40 acres in the RE Industrial Park as the RE off-takers.
The proposed dividend consists of a single-tier first and final dividend of one sen per share and a single-tier bonus dividend of 19 sen per share.
Upon completion, the solar farm is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions, LBS Bina noted.
The company said it will be buying the factory, situated on 8,217 square metres of leasehold industrial land, for RM7 million, and pay another RM1.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
