Federal Court judge Datuk Zabariah Mohd Yusof ruled that the monastery’s proposed leave questions had not surpassed the Section 96 threshold under the Courts of Judicature Act as it involves questions of fact.
The land, measuring approximately 13,263.
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
Avaland Bhd chief executive officer Teh Heng Chong: In the past, the (MCT) founder was just doing too many things – from property development to construction, cinemas, hotels, etc.
A subsidiary of Ayala Land Inc which bought a majority stake in the company in 2018, Avaland has since undergone a comprehensive organisational restructuring exercise and refocused its core business on property development.
MCT chief executive officer Teh Heng Chong said the developer plans to launch two new projects soon.
The acquisition of the freehold land from Sisi Tasik Sdn Bhd is the group's second land buy in Kuala Lumpur following the purchase of another parcel of land in Seputeh that was announced on Feb 20, the group said.
MCT said the proposal would mark its first land acquisition in Kuala Lumpur and the project would serve as an extension of the group’s premium Aetas series.
The first launch of 2023 was Casa Embun — the first high-rise residential project in Cybersouth, which is an integrated township development launched by MCT in 2015.
Pesona Metro said its wholly owned unit Pesona Metro Sdn Bhd accepted the letter of award for this project, which has a duration of 24 months commencing from Oct 25, from ONG&ONG 360 Consultancy Sdn Bhd.
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