News about JV

PETALING JAYA (Aug 7): Cengild Medical Bhd's proposed joint venture to establish a multidisciplinary tertiary private hospital on a site of approximately not less than two acres to be identified within Andaman Island, located off the foreshore near Mukim 18, District of Tanjung Tokong, Penang, has become unconditional after fulfilling its sole condition precedent.

PETALING JAYA (July 29): Compugates Holdings Bhd's long-running legal dispute with its joint venture (JV) partner over a proposed mixed-use development in Dengkil, Selangor, has moved further in favour of Main Uptown Sdn Bhd after the Court of Appeal dismissed an appeal by Compugates Development and Mining Sdn Bhd (CDMSB) while allowing Main Uptown's cross-appeal.

PETALING JAYA (July 8): TWL Holdings Bhd has provided further details on the mutual termination of three joint venture agreements (JVAs) involving its wholly owned subsidiary TWL Builders Sdn Bhd (previously known as Tiger Synergy Development Sdn Bhd), following queries from Bursa Malaysia Securities Berhad.

KUALA LUMPUR (July 3): TWL Holdings Bhd has furnished additional details to Bursa Malaysia on the mutual termination of three joint venture agreements (JVAs) between its wholly-owned subsidiary TWL Builders Sdn Bhd (formerly Tiger Synergy Development Sdn Bhd) and Pentas Irama Sdn Bhd, Elitprop Sdn Bhd and Greatprop Development Sdn Bhd.

PETALING JAYA (July 1): UEM Sunrise Bhd (UEMS) is exiting its marina joint venture at Puteri Harbour, Johor, via the disposal of its entire 40% equity stake in Sarandra Malaysia Sdn Bhd (SMSB) to its Singapore-based partner ONE15 Marina Holdings Pte Ltd for RM50,000 in cash.

PETALING JAYA (April 17): HCK Capital Group Bhd (HCK Capital) announced yesterday (April 16) that all conditions precedent of its proposed joint venture (JV) to develop a freehold land parcel in Cheras, Selangor, have been fulfilled, rendering the JV unconditional with immediate effect.

PETALING JAYA (April 16): Chin Hin Group Property Bhd (CHGP) today issued a circular to shareholders in relation to the proposed joint venture (JV) between BKG Development Sdn Bhd (BKGD), a wholly-owned subsidiary of CHGP, and Fiamma Holdings Bhd (FHB), for a mixed commercial development in Kuala Lumpur.

KUALA LUMPUR (March 12): The joint venture between Ann Joo Resources Bhd (KL:ANNJOO) and Transyear Sdn Bhd has secured a deal to sell a 60.

Additionally, SCIB is seeking a court order to compel Awana to discharge SCIB as the corporate guarantor for the loan facility within 30 days from the date of judgment.

Its property development segment also saw an increase in operating profit to RM37 million from RM25 million a year ago, as revenue rose to RM384 million from RM240 million.