It is important to note that Sunway had only emerged as a majority shareholder in Umech Land two days prior to the announcement of the agreement, by injecting RM23.
“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.
With the latest contract win, Kerjaya Prospek has managed to surpass its target of securing RM1.
"It should investigate the land sale at RM26.
Lee has also resigned as the Penang CM's special investment adviser on Oct 2, Chow said, with a one-month notice given.
"The said meeting decided that Umech was to carry out a market survey to study the composition of land usage, [for] proof of Umech’s financial sustainability to be evaluated, and other related matters.
While there was no valuation made by independent registered valuer, Sunway said that based on market available information to them, the market price for undeveloped freehold industrial land in the Batu Kawan area ranged between RM21 and RM35 per square feet.
30 wheelchairs were provided to six selected nursing homes, NGOs, and hospitals in Penang PENANG (Oct 4): S P Setia Foundation, the charitable arm of S P Setia Bhd yesterday contributed 30 wheelchairs to six selected nursing homes, NGOs, and hospitals here, “marking its inaugural contribution outside of the Klang Valley”.
The industrial land in BKIP2 was made available on the open market in May for RM80 per square foot, with parcels as small as five acres each.
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