Ekovest sells land in KL for RM67mil in related party transaction
Ekovest plans to use the proceeds arising from the disposal to reduce its debts and for working capital purposes.
Ekovest plans to use the proceeds arising from the disposal to reduce its debts and for working capital purposes.
DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur DONE DEAL: Town house, Cyberia Smarthome, Cyberjaya Nestled amidst the lush rainforests and rolling hills of Janda Baik, Pahang, lies the serene retreat of Tanarimba.
The construction firm said its wholly-owned subsidiary Propel Global Development Sdn Bhd has inked agreements with the vendor, Goldhill Deluxe Sdn Bhd, to purchase a 14,442 sq m parcel for RM13.
Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.
The guarantee was stated at the Pahang State Legislative Assembly sitting at Wisma Sri Pahang here today, with him saying that the state government has various plans to increase state revenue collection, including through recurring revenue collection.
DONE DEAL: Luxury bungalow, Bukit Tunku, Kuala Lumpur DONE DEAL: Serviced apartment, Silverscape Luxury Residences, Melaka This plot of agricultural land is situated in the town of Ringlet, Cameron Highlands.
It intends to develop terrace houses on the parcels of land, as per an approved development plan by the Bentong Municipal Council.
The contract will commence on Dec 1 and is expected to have a positive contribution to the group from the financial year Dec 31, 2023 onwards.
KUALA LUMPUR (Sept 22): TAFI Industries Bhd, the furniture maker which has diversified into property development, has entered into five joint-venture (JV) agreements to develop mixed housing projects in Pahang with an estimated total gross development value (GDV) of RM621.
KUALA LUMPUR (Aug 30): Kenanga Research said while Genting Bhd’s first half ended June 30, 2021 (1HFY21) core loss of RM111 million missed expectations, strong UK and US numbers in the second quarter (2QFY21) due to reopening and relaxing operating restrictions led the research house to believe that a swift recovery is in store for Resort World Group and Resort World Singapore once business and borders reopen.