Appellate court dismisses old monastery's bid to stay eviction notice
The statement of claim alleged that there was no application to extend the lease to Associated Pan Malaysia Cement Sdn Bhd.
The statement of claim alleged that there was no application to extend the lease to Associated Pan Malaysia Cement Sdn Bhd.
Spritzer said the JV with construction firm KNP Development Sdn Bhd presents a good opportunity for the group to establish a foothold in the property development industry.
This is one of the four leasehold lands that Perak Corp bought in 1997 for RM41.
Under the JV, Perak Corp will be entitled to a revenue share of 35% based on the net development value while Advancecon will be entitled to 65%.
As part of the regularisation plan, the company had on March 31 this year entered into a master development agreement with PKNPk.
On Dec 16 last year, PKNP had signed a sale and purchase agreement to dispose of the land to LLSB for RM4.
The parcel of land comes together with a one-storey commercial shopping complex and a one-storey temporary building comprising a futsal court and a commercial lot.
In a filing with Bursa Malaysia on Thursday (Aug 17), Perak Corp said it had on Wednesday entered into a supplemental agreement to the JVA entered into on Sept 10, 2019 with ARX-YSC to vary certain terms of the JV.