News about LBS Bina

The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions.

LBS is expanding its mixed-use development portfolio beyond the Klang Valley, particularly in the southern region of Peninsular Malaysia.

“Klebang is selected due to its strategic location within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), which offers significant growth potential through its coastal accessibility, expanding infrastructure, and alignment with Melaka’s long-term economic transformation agenda,” stated LBS Bina.

The property developer had previously paid a special dividend of 2.

The contract is deemed a related-party transaction as Casa Inspirasi is an indirect subsidiary of LBS Bina, while LBS Bina's group executive chairman and largest shareholder Tan Sri Lim Hock San is also MGB’s group executive chairman.

As of Nov 28, the group had registered total property sales of RM1.

The facility aims to produce 10GW of energy, generating over 250,000 tonnes of green hydrogen annually, LBS Bina said in a statement.

According to the press statement issued on Tuesday, the township will offer bungalow lots, landed properties, high-rise residential units, commercial lots, 50 acres of preserved forest, 9km of jungle paths, over 6km of cycling and jogging tracks and playgrounds.

Upon completion, the solar farm is expected to generate approximately 53,000 MWh of clean energy annually, offsetting around 35,000 tonnes of carbon dioxide emissions, LBS Bina noted.

According to its bourse filing, the claim was filed by Mega Planner Jaya Sdn Bhd — currently in liquidation — against GMSB alongside five other parties.