Eurospan’s RM55 mil sale of assets to controlling shareholder 'fair and reasonable', says independent adviser
The group’s unit Eurospan Furniture Sdn Bhd is also disposing of two freehold industrial lands with buildings on-site to DFSB for RM15.
The group’s unit Eurospan Furniture Sdn Bhd is also disposing of two freehold industrial lands with buildings on-site to DFSB for RM15.
“You also need support and to work in partnership.
RHB said the potential addition of new land, especially in Johor, could be a share price catalyst as AME has been anchoring the industrial sector in Iskandar Malaysia.
Spanning 32 acres, Four Seasons Okinawa has an estimated gross development value of US$1.
UEM Sunrise stated that the disposals of the Lands are in line with its three-phase strategic turnaround plan: Triage, Stabilise and Sustain, particularly under the first phase, Triage, to transform the company into a balanced real estate player with the immediate goal of strengthening financial performance via, among others, monetisation of non-strategic lands.
The disposal consideration is supported by the market value of RM315 million ascribed by the valuer, Crescendo said.
ParkCity Group CEO Datuk Joseph Lau said PLANMalaysia’s recognition underscores ParkCity’s commitment to sustainability, which is very much ingrained in the group’s brand DNA.
techpark@enstek covers 1,750.
Maya Bay Residences comprises three towers of serviced apartments with a total of 972 units.
The 29-year-old property cost the group RM21.