MGB bags RM207.03 mil property development project in Sepang
MGB said the contract is for the development of two blocks of D’Island Residence service apartments, along with related facilities.
MGB said the contract is for the development of two blocks of D’Island Residence service apartments, along with related facilities.
The first phase will have a gross development value of RM52 million and consists of a total of 35 double-storey linked villas.
The group’s Iskandar Malaysia projects outperformed strongly with RM723 million sales achieved, representing 57% of total year-to-date sales.
The company has reported an unaudited profit before tax of RM19.
Following the distribution of RM144 million dividend during the first quarter of FY2024, the group still has a net cash balance of RM211 million as at Jan 31, 2024.
The latest acquisition comes shortly after the international freight services provider's announcement in January that it was buying 5.
Kelington chief executive officer Raymond Gan said the parcel of land’s convenient proximity to the group’s LCO2 manufacturing plant will streamline operations in the future.
BioValley is anticipated to generate an estimated gross development value of RM980 million, and will complement IBTEC’s existing data centre campus and its forthcoming smart logistics and manufacturing, and artificial intelligence (AI) hubs.
"We envision a future where every believer in WEREG Properties can ‘build wealth through real estate’.
“The board and the management team of YNH aim to provide full cooperation and support to our new external auditor to safeguard the interests of our shareholders and stakeholders.