Tri-Mode to acquire leasehold land in Pulau Indah for RM42m
Tri-Mode said it is buying the land from Central Spectrum (M) Sdn Bhd, a company indirectly owned by Menteri Besar Selangor Incorporated.
Tri-Mode said it is buying the land from Central Spectrum (M) Sdn Bhd, a company indirectly owned by Menteri Besar Selangor Incorporated.
The acquisition is part of Selangor Dredging’s ongoing effort to identify suitable properties for its land bank, the group said in a stock exchange filing on Tuesday.
The group said the consortium is led by Tokyo Star Bank Ltd and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus.
The builder-cum-property developer said it expects to resolve the issue relating to the disclaimer of opinion within the next financial year.
The project is scheduled to commence on Nov 13, 2023 and to be completed by May 12, 2025 and contribute positively to the group’s future earnings over the duration of the LOA.
DONE DEAL: Terrace house, Taman Tan Yew Lai, Kuala Lumpur DONE DEAL: Terrace house, Tropicana Golf & Country Resort, Selangor Bukit Damansara is an upscale residential area nestled within bustling Kuala Lumpur.
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
Bank Negara is scheduled to hold its sixth and final Monetary Policy Committee meeting for 2023 on Nov 1 and 2.
“Despite the PSI project being scaled down by scrapping Island B and Island C, we are not overly disappointed as the local government still maintains its plan to develop Island A (Silicon Island) with more concrete details and a timeline.
The Berjaya companies did not receive the necessary approvals following a change in the Selangor government after the 2008 general election.