Radium cancels joint development of KL land involved in legal dispute
Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily.
Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily.
“Some parties have already approached us, and we have also identified certain malls.
The trust is expected to offer an annualised distribution yield of over 7% for 2025.
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
MACC Chief Tan Sri Azam Baki: "We have already submitted an application under Section 51 of AMLATFPUAA [to seize the tower], and the next step will be to file an application under Section 55 or 56 of the same Act to forfeit the asset [Ilham Tower].
The take-up represents RM46.
Lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal slammed the MACC's action as “pure harassment”.
With the seizure, all transactions involving the transfer of ownership of the property are now prohibited, the MACC said.
As part of this infrastructure enhancement initiative, a robotic chef has been deployed at I-Bhd’s Wyndham Suites KLCC.
Azmy will oversee business development, joint-venture management, strategic land, corporate strategy, and sustainability.