News about KL Tower

Last month, LSH and the Federal Lands Commissioner formalised a 20-year concession and lease agreement until end-March 2045, to manage, operate and maintain the tower.

"Our appointment was based on a legitimate government-led procurement process.

The former operator of KL Tower — Menara Kuala Lumpur Sdn Bhd — and its parent Hydroshoppe Sdn Bhd are alleging contractual breaches and misconduct that led to the award of the concession to LSH Service Master.

LSH Capital has signed a 20-year lease agreement with the government to operate and maintain the Kuala Lumpur Tower and its surrounding areas.

Additionally, it will manage existing commercial facilities, including restaurants and kiosks, while retaining all related income.

LSH Capital said that its subsidiary, LSH BEST Builders Sdn Bhd, and Service Master (M) Sdn Bhd formed LSHBB-SMMSB JV, which received a letter from the Public Private Partnership Unit, Prime Minister’s Department (UKAS) on June 7, informing them of the government's agreement in principle for the operation and maintenance management of KL Tower.

Sessions Court judge Suzana Hussin ordered for the passport to be returned from Thursday to March 20, and for it to be returned before or on March 21.

Abdul Hamid Shaikh Abdul Razak Shaikh, director of Hydroshoppe Sdn Bhd, had claimed trial to one charge of bribery under the Malaysian Anti-Corruption Commission (MACC) Act 2009 for offering the bribe.

"MACC will investigate whether there was existence of bribery element in the 100% shares disposal by Telekom Malaysia Bhd (TM) in Syarikat Menara KL Sdn Bhd to Hydroshoppe Sdn Bhd in October 2022.

PETALING JAYA (April 1): Sunway Belfield, Sunway Property’s latest freehold residential development in Kuala Lumpur, has achieved an 80% take-up rate despite its soft launch during the movement control order (MCO) early this year.