WCT Holdings to acquire remaining 49% stake in JV undertaking shopping complex at Merdeka 118
“Upon completion of the acquisition and the transfer of the sale shares to WCTB, the joint venture company shall become a wholly-owned subsidiary of WCTB.
“Upon completion of the acquisition and the transfer of the sale shares to WCTB, the joint venture company shall become a wholly-owned subsidiary of WCTB.
The latest among these relocations is Malayan Banking Bhd (Maybank), which announced plans to move its head office to Merdeka 118 in 2025, the world's second tallest building owned by the bank's 40% shareholder Permodalan Nasional Bhd (PNB).
This is because the 35-year-old building is deemed to be well maintained while having a strategic prime location in the city centre and potentially competitive rental rate if office space supply remains abundant two years down the road, according to experts in the property sector.
KUALA LUMPUR (Dec 21): HeiTech Padu Bhd has bagged a RM21.
KUALA LUMPUR (Nov 30): The construction of Merdeka 118 will benefit Keluarga Malaysia as this precinct will be a new economic catalyst for Kuala Lumpur, whilst complementing other areas that are rapidly developing such as KLCC and KL Sentral, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
KUALA LUMPUR (Nov 17): Gagasan Nadi Cergas Bhd (GNCB) has secured a RM33.
KUALA LUMPUR (Nov 3): PNB Merdeka Ventures Sdn Bhd (PMVSB), a wholly owned subsidiary of Permodalan Nasional Berhad (PNB), has partnered with Oakwood Premier Kuala Lumpur to introduce an Oakwood Premier-branded residential tower to Kuala Lumpur’s iconic Merdeka 118 precinct in 2024.
KUALA LUMPUR (Aug 2): Major roads leading to the Parliament building in Kuala Lumpur have been closed, while opposition Members of Parliament (MPs) were prevented from entering Dewan Rakyat.
PETALING JAYA (June 8): PNB Merdeka Ventures Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), marked a major milestone when the final roof slab of Merdeka 118 (pictured) was topped out, safely reaching its peak at level 118.
KUALA LUMPUR (Aug 31) The Rukun Negara that was instituted 50 years ago as the basis of national unity and formation of the country, is not merely to be upheld symbolically each time the pledge is recited on National Day.