News about PA

The proposed deal involves Paramount’s wholly owned Venice Concepts Sdn Bhd acquiring 85.

The termination proposal was triggered by the lapse of a project operation agreement between main contractor MTD Construction Sdn Bhd and Sabah-based Gammerlite, which was terminated on June 30 due to Gammerlite’s failure to secure the necessary funding.

The 60-year lease carries a total consideration of RM25.

The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.

Park Regent, Kuala Lumpur condo unit sold for RM11.

“On the surface, this revenue-sharing scheme seems lopsided and demands further detailed disclosures,” they said, noting that Petaling Jaya alone is projected to face a revenue shortfall of around RM10 million under the proposed deal.

Formerly known as Selayang Star City, 168 Park Selayang was revived by white knight 168 Park Selayang Sdn Bhd, offering three residential blocks and retail mall 168 Park Mall.

Bandar Mahkota Cheras, Selangor shop rented for RM6.

The Sri Penaga Condominium was also the recipient of the Editor’s Choice Awards for Excellence in Evergreen Community Living.

The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.