News about Penang

Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.

PLB Engineering said its wholly-owned subsidiary PLB Land Sdn Bhd had entered into a sale and purchase agreement with Milenium Baru Sdn Bhd on Aug 7 for the disposal.

The estimated reclamation cost for the approved reclamation area is RM72.

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.