This follows the allotment of shares by Magma to fund the RM80 million acquisition of land in the Persiaran Dutamas area of Kuala Lumpur from Skyload Express Sdn Bhd — a company linked to Magma’s executive chairman and major shareholder Datuk Seri Lee Hock Seng.
Datuk Eddie Ong Choo Meng sold the stake, comprising 16.
In a statement, the ministry also said that the building will be temporarily closed starting Thursday “in the interest of visitor safety and comfort, and to provide space for the new management to carry out maintenance and improvement works”.
According to its exchange filing on Wednesday, the property is being purchased from Ahmad Fuad Ismail and it comprises two individual titles with a combined land area of approximately 401.
The proposed disposal is expected to generate a gain of approximately RM554,000 for the construction firm, which will be recognised as part of its financial results.
Hydroshoppe and MKLSB initiated legal action including against LSHSM and the government, as they alleged contractual breaches and misconduct that led to the award of the concession to LSH Service Master.
While acknowledging the need to address the long-standing landfill issue, residents argue that the developer’s plan to reclaim a large portion of coastline for recycling machinery is unnecessary and contradicts established scientific practices.
Ho has been Matrix Concepts' group MD since Sept 1, 2018.
Open house time again at PropNex with homes in Bandar Sungai Long, Kajang and Cheras KUALA LUMPUR (March 21): One of our favourite real estate outfits, PropNex Malaysia is showing off a number of landed homes for sale again via its latest open house this weekend (March 22 and 23).
Apart from construction, the company also supplies building materials, lighting and related mechanical and electrical products, hardware products and tools, rental of construction machinery, and equipment.
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