Majuperak sells back 51% stake in property developer after project fails to achieve sales target
Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.
Majuperak to dispose of 134.2ha land to Perak Agro Corporation for RM9.53m as debt settlement
The group said that the land, located in the Mukim Sungai Tinggi District of Larut & Matang, is currently charged to Perak Agro Corporation Sdn Bhd as security to the loan owed by Majuperak.
Majuperak inks MOU to develop 857.75 acres of land in Perak into strategic assets
Nexusbase Developments Sdn Bhd, a subsidiary company of Majuperak, has been identified as the master developer for the mixed property development projects.
Majuperak says CEO gone on garden leave based on mutual agreement
Majuperak, which is mainly involved in property development, said Nizran Noordin has been on garden leave from Sept 2 to clear his leave balance before his contract ends on Oct 31, and to facilitate the transition to a new leadership team.
Majuperak CEO on garden leave two months ahead of service contract expiry
Nizran was once a private secretary to the Perak chief minister, executive director of Epiweb Sdn Bhd, assistant manager of corporate finance at AmInvestment Bank Bhd, and internal audit executive with Park May Bhd.
Majuperak buys stake in property management firms as part of regularisation plan
Majuperak said the proposed acquisition represents a strategic investment for the group to be entitled for the future income streams arising from the property management services carried out by AGPS and AGPSP.
Majuperak enters RM140m land swap deal to add landbank in Silver Valley Technology Park
KUALA LUMPUR (Aug 13): Majuperak Holdings Bhd has entered into a land swap deal to dispose of four plots of its land valued at RM100 milllion in Sungai Raya to the Perak State Economic Development Corporation (PKNP) in exchange for three pieces of land valued at RM140 million in Hulu Kinta In a filing today, Majuperak said the difference of RM40 million will be deemed as an amount owed by the group to PKNP.
MajuPerak in JV to develop affordable housing in Perak
KUALA LUMPUR (July 16): MajuPerak Holdings Bhd’s subsidiary Syarikat Majuperak Bhd has entered into a Joint Venture (JV) agreement today with JT Gardens Sdn Bhd to undertake a residential development project for affordable housing in Perak.
Majuperak to venture into Solar Photovoltaic Generating System project in Perak
KUALA LUMPUR (April 6): Majuperak Holdings Bhd, via its wholly-owned unit Majuperak Power Resources Sdn Bhd (MPR), will be partnering with United Solar Energy (Malaysia) Sdn Bhd (USEM) through a joint-venture (JV) agreement to jointly venture into the Solar Photovoltaic Generating System (SPS) project using the Net Energy Metering (NEM) scheme in Perak.
