Paramount said the suit is unlikely to impact its finances, as the SPA signed in December 2024 allows TBSB to cancel the deal and claim a refund if legal issues block the transaction.
According to its bourse filing, the contract is set for a duration of 37 months, with construction work scheduled to commence on April 29, 2025 and slated for completion by May 28, 2028.
“There’s a lot of effort going into monetising the three campuses, the hotel and the office.
“But we are now re-studying whether we could do a whole redevelopment.
The shift could free up cash as fewer funds are being channelled back to its property development activities, Chew said.
The group declared a third interim dividend of 1.
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Nestled along the Chao Phraya River, Na Reva offers panoramic views of one of Asia’s great rivers – hence the tagline of the development: Where your eyes are always on the Chao Phraya River.
The real estate developer said its wholly owned unit, Tanah Bayumas Sdn Bhd, has signed a sale and purchase agreement (SPA) with Prismaworld Embassyview Sdn Bhd to purchase the land and six blocks of five-storey condominium buildings with a sub-basement one-storey car park, according to a filing on Thursday.
“By linking this sukuk wakalah to specific sustainability targets, we are taking a bold step forward by ensuring that our financial activities support our business goals while contributing positively to environmental and social objectives,” Teo said.
Who says you have to forgo tranquillity if you choose to live in the heart of the city? Head to the exclusive precinct of U-Thant, Kuala Lumpur, just a stone’s throw from the iconic KLCC Twin Towers, and meet the jewel in the crown of lavish living: The Ashwood.
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