LBS Bina to buy M3 Mall owner-operator for RM105 mil

KUALA LUMPUR (Sept 6): Property developer LBS Bina Group Bhd announced it will be buying Gerbang Mekar Sdn Bhd, the mall owner and operator of the M3 Mall in Gombak, for which it will be paying RM105 million in cash and kind, to enter the retail business.

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Developers facing difficulties complying with SMA/SMR

PETALING JAYA (Aug 4): Developers are finding it difficult to comply with the requirement under the country’s stata management laws, such as the Strata Management Act 2013 (SMA), to submit the number of share units in a development when submitting their strata plans to the authorities.

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