Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land
With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
Currently, the stock is not covered by any analysts.
The value of the latest contract is higher than Haily’s market value of RM93.
The builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition as it did not meet the 30% Bumiputera equity ownership requirement.
On its property business, Gadang said the division’s unbilled sales had risen to RM290 million as at 1QFY2024, providing earnings visibility over the next few years.
KUALA LUMPUR (Sept 17): Gadang Holdings Bhd has secured a RM100.
KUALA LUMPUR (Aug 23): Construction engineering company Gadang Holdings Bhd is selling a parcel of residential land located in Jalan Kolam Air, Taman Melawati for a total cash consideration of RM43 million to repay bank borrowings and for the group's working capital.
KUALA LUMPUR (April 29): Gadang Holdings Bhd saw its net profit for the third quarter ended Feb 28, 2021 (3QFY21) slide 10.
KUALA LUMPUR (May 28): Gadang Holdings Bhd’s wholly-owned unit Gadang Engineering (M) Sdn Bhd has secured two contracts worth a combined RM81.