Fajarbaru buys Batu Kawan land for RM111m for healthcare hub project
The development presents an opportunity for Fajarbaru to expand its business activities in Penang, and not limited to the development of Medi-City.
The development presents an opportunity for Fajarbaru to expand its business activities in Penang, and not limited to the development of Medi-City.
This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram.
Some of these hotels include The Millen in Penang, which is slated to open later this year; Iconic Marjorie Hotel in Penang, via a franchise agreement with Iconic Penang Sdn Bhd, to open by year end; Sheraton Johor Bahru in Johor in 2025; and The Westin in Penang, via a collaboration with Westfield Global Sdn Bhd, in 2026.
The group expects a net pro forma gain of RM50.
This contract is deemed as a recurrent related party transaction, as Datuk Tee Eng Ho, the non-independent non-executive chairman and major shareholder of Kerjaya Prospek, also serves as the executive chairman and major shareholder of Eastern & Oriental Bhd.
The LRT system is part of the Penang Transport Master Plan (PTMP), which includes an integrated network of transportation solutions.
“This project not only strengthens our order book, but also aligns with our commitment to environmental, social, and governance principles.
Courtyard Homes will have a built-up size from 6,649 sq ft and the selling price starts from RM6.