Ivory Properties sells Birch House for RM18 mil to ENS Timah
Birch House is a double-storey colonial mansion with a floor area of 18,710 sq ft.
Ivory Properties revokes land deal with Chin Hin after subsidiary's liquidation
In a separate filing, Chin Hin stated the revocation and said the land would be sold to a new third-party buyer instead.
Liquidators appointed to wind up Ivory Properties' subsidiary
As of June 30, IGSB had net current liabilities of RM58.
Ivory Properties gets three-month restraining order to avoid winding up proceedings by creditors
The restraining order, which will last for a period of three months from April 19, 2024, is to enable Ivory Gleneary Sdn Bhd (IGSB), a wholly-owned subsidiary of Ivory Properties, and its creditors to formalise the proposed scheme of arrangement and thus allow for the extension of time to submit the company's regularisation plan in order to get out of the PN17 status.
Ivory Properties proceeds with RM40 mil Penang land deal with Chin Hin
The plot forms part of the Penang Times Square development, and will be used to develop a multi-storey residential project.
Chin Hin Group Property buys RM40m land in Penang for residential project
As part of the deal, Chin Hin Group will award construction works of the development to a member company of the Ivory group as the turkey builder.
Ivory Properties' auditor flags group's ability to operate as going concern
The auditor said it was also unable to obtain sufficient audit evidence in relation to Ivory Properties' plan to source for an interested party to dispose of a parcel of land held for future development.
Chin Hin and Ivory Properties to develop Crown Penang, to launch in 2Q2024
Crown Penang comprises 588 units within a 41-storey tower, and its units will feature smart-home technology in an urban resort setting.
UHY appointed as Ivory Properties' auditor following KPMG's resignation
The former auditor highlighted that the company recorded a net loss of RM79.
