On Jan 24, Awana argued that repayments should be based on project progress and revenue generated from property sales, contingent upon the profit and loss report for the project.
On Jan 13, SCIB announced that the RM162 million contract awarded to its wholly owned unit, SCIB Properties Sdn Bhd (SCIBP), from Awana JV Suria Saga Sdn Bhd in July 2024 as part of a debt settlement collapsed after Awana failed to fulfil a key condition precedent within the stipulated time frame.
He succeeds Syed Agil Syed Hashim, who stepped down from the board after completing his two-year service contract.
In March, the state local government, housing, health and environment committee chairman Hilmi Abdullah was quoted as saying that KB Sentral is expected to be completed by 2027, with the state government having inked an agreement with a company to undertake the project.
The land disposal is to unlock the value and monetise its investment at a premium of a 28.
This partnership follows the success of two CLQ projects in Ipoh.
In a bourse filing, the Practice Note 17 (PN17) company stated that when the land confiscation occurred, Perak Corp had already derecognised the assets and liabilities of its wholly owned subsidiary PCB Development Sdn Bhd and PCB Development’s 51%-owned subsidiary Animation Theme Park Sdn Bhd from the consolidated statement of financial position as of Dec 20, 2021.
The solar farms for KIGIP will be owned and operated by SDP, as renewable energy has been identified as a key strategic pillar and revenue source for the group.
Epicon (formerly known as Konsortium Transnational Bhd) said its unit Transnational Builder Sdn Bhd had received the LOA from Syarikat Majuperak Bhd for the main building works of 601 units of single storey terrace houses and four units of electrical substations in Sungai Terap, Perak.
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