Bursa approves Perak Corp’s regularisation plan to lift PN17 status
The regularisation plan, outlined by Perak Corp in February last year, consist of a capital reduction, a joint development project, RM89.
The regularisation plan, outlined by Perak Corp in February last year, consist of a capital reduction, a joint development project, RM89.
The project spans 216,907 square metres of 99-year leasehold land in Mukim Sungai Raya.
IGB sees the land as a “highly appealing investment” with significant development potential, citing its reasonable purchase price, prime location, and highway access.
Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.
The land was proposed to be sold to Ladang Lekir Sdn Bhd (LLSB), a wholly-owned unit of the Perak State Agriculture Development Corporation, for RM18.
Perak Menteri Besar Datuk Seri Saarani Mohamad: “The state government consistently prioritises the provision of affordable and quality houses, and Taman Tasik Ardea is a clear manifestation of this effort.
The clarification came after the group announced via a bourse filing on Tuesday that it had filed a notice of discontinuance for the suit, which has been consolidated under a main suit.
Datuk Eddie Ong Choo Meng sold the stake, comprising 16.
Menteri Besar Datuk Seri Saarani Mohamad said this while acknowledging several challenges facing the implementation of the project, particularly the need to reclaim swampy land in the area.