Parliament approves converting RM165m govt loan to UDA into equity
“The increase in UDA’s equity to RM500 million will also reduce the debt-to-equity ratio by 60.
Mah Sing collaborates with CECC to provide one-stop service for Chinese investors
Through the collaboration, Mah Sing will support CECC by extending its expertise in manufacturing and property development.
Sunsuria explores EV venture with China’s IAT Automobile
The two parties have formed a joint venture company Sunsuria IAT (M) Sdn Bhd, which is 51%-owned by Sunsuria, while the IAT holds the remaining 49%.
PPB Properties unveils Lumina Bedong in Bedong, Kedah
PPB Properties CEO Low Eng Hooi: With the development of Lumina Bedong, we are set to reinvigorate and transform the landscape of Bedong.
BLand’s extension bid to comply with public shareholding spread rejected
In a bourse filing on Monday (April 3), the property and hospitality outfit said that its public shareholding spread stood at 13.
Encorp’s Iris in Encorp Cahaya Alam 70% taken up; to launch final phase in 2Q2023
For the final phase, Akasia 2 will offer 112 units of two-storey link homes.
UPDATE EPF: Members aged 40 and above can apply for loans using Account 2 from April 7; withdrawals from age 50 allowed for repayments
"It offers a practical solution for EPF members who are facing temporary liquidity issues by providing cash flow through personal financing but with minimal impact on their retirement savings," the EPF said.
Symphony Life sues former partner for RM150 mil over terminated joint development agreement
The property developer said its wholly-owned subsidiary Symphony ORIC Development Sdn Bhd (SOD)’s suit against Open Road Asia Sdn Bhd (ORA) pertains to a RM75 million deposit ORA made as part of the joint development agreement.
PN17 firm Perak Corp signs master agreement with PKNP on development initiatives
The initiatives include the joint development of land in Teluk Dalam in the Lumut district, future joint development of hinterland for the Lumut Maritime Terminal, appointment of Perak Corp as the master developer for part of the SilverValley Technology Park (SVTP) landbank in Hulu Kinta, and granting of development rights for a land at Bandar Meru Raya in the Kinta district for housing projects.
Land & General’s MD to take up 10% stake in unit undertaking housing project
The equity participation by Low Gay Teck, who has held the position of managing director for the last 15 years, will ensure his continued services to the group in the foreseeable future, L&G said in a bourse filing.
