Ideal Property Group inks deal with lithium battery maker to develop Penang Technology Park
In a statement on Wednesday (July 26), the developer said the project entails 880 acres of freehold land.
In a statement on Wednesday (July 26), the developer said the project entails 880 acres of freehold land.
Ibrahim Sahari, 59, said fellow former senior director Datuk Zarul Ahmad Mohd Zulkifli told him that said money was paid to ensure that CZCSB secured future projects.
Azli Adam, 58, said the conversation took place at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya in January 2018, in the interrogation room.
The project will feature a 40-storey apartment building with 422 units, a multi-story carpark, two TNB substations, a multipurpose hall, a guardhouse, a management office, a kindergarten, a mortuary management room and an open area.
Quarterly net profit edged up 0.
This involves about 1,260 acres of the total 2,300 acres to be reclaimed for the island known as Island A, which the project developer Silicon Island Development Sdn Bhd — the 70:30 joint venture between Gamuda and the Penang state government — had previously estimated would cost RM6 billion in total to reclaim, with the cost of common infrastructure expected to be RM2.
The group’s wholly-owned subsidiary Sunsuria Symphony Sdn Bhd (SSSB) will be acquiring MLSB’s shares through internally-generated funds from Ong Thuan Bok and Kho Weng Kooi — 640,000 shares (64%) from Ong and 160,000 shares (16%) from Kho.
Excluded from the ban are six types of commercial properties: serviced apartments, small office home offices (SoHo), small office flexible offices (SoFo), small office virtual offices (SoVo), office suites and duplex offices.
The four are Choo Kwang Wah and Choo Kwang Bin, who are children of the late Chor Phaik Sim, the other owner of the estate, and Datuk Seri Th’ng Boon Chye and Wong Kim Fong of the Kek Lok Si temple.
“It is important for us to remember those who need a helping hand, especially during thefestive seasons, to provide the assistance we can and give back to the underserved communities,” said S P Setia Foundation management committee and head, group branding & communications Adelene Wong.