“This partnership aims to create a robust infrastructure that supports its long-term vision for the region’s growth and development while incorporating sustainable elements within an ESG framework.
The share sale involves the issuance of 132 million new shares and an offer for sale of up to 59 million existing shares, the company said in an exchange filing.
"This partnership not only aligns with our vision to be at the forefront of innovative tourism developments but also reinforces our commitment to cultural and economic growth in Melaka.
Due for completion in 2026, Irama Villa IV has a gross development value (GDV) of RM74.
For 2024, the company said it is targeting sales of at least RM2.
He acknowledged that KPKT and the state authorities are still facing challenges in addressing this issue, including detecting individuals who may build housing units in rural and suburban areas, and in pocket developments where the scale of the project is small and may go undetected.
In December 2022, JKID received a notice of demand from Fivestar for RM12.
In a bourse filing, Yong Tai said the appointment of Boo is effective immediately.
Bangsar Hill Park was launched in August 2020, and is expected to be fully completed over the next eight years from the date of the announcement of the RPT (Jan 29), with estimated costs of around RM1.
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