Overhang properties is mainly due to unmet housing demand related to varying economic climates, housing preferences, market sentiment, housing affordability, credit accessibility, as well as demographics and lifestyle changes.
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The construction and property company said Lim holds a 58.
Notably, Impiana Hotel was in the spotlight in August this year after it saw Datuk Seri Lee Hock Seng and his spouse Datin Seri Joanne Yew Hong Im emerge as the group’s largest substantial shareholders following the duo’s acquisition of 120.
According to a bourse filing, the pilgrim fund acquired about 17.
Net profit rose to RM40.
LBS Bina's second proposal is to provide incentives for the adoption of the industrialised building system (IBS) precast system for developers that incorporate the system into their housing projects, as this can help reduce construction costs and make housing more accessible.
The company said Lee and his spouse Datin Seri Joanne Yew Hong Im are currently the group’s largest substantial shareholders, with 120.
Kelvin is the son of Datuk Seri Lee Tian Hock, who is also the single largest shareholder of the group with an 11.
The group said Advance Opportunities Fund and Advance Opportunities Fund I have ceased to be the group’s substantial shareholders, with the former offloading its entire 65 million shares or 10.
Going forward, LBS Bina executive chairman Tan Sri Lim Hock San said LBS Bina will continue to increase operational efficiency to improve its profit margins and ensure long-term business sustainability.
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