The property developer has been classified as a cash company following the completion of the disposal of all its assets and liabilities to Sungei Bagan Rubber Company (Malaya) Bhd (KL:SBAGAN) for RM267.
The contract covers the installation and rental of AI-powered CCTV cameras, panic buttons and smart traffic lights, as well as the establishment of the Batu Pahat Smart Integrated Operations Centre.
Tong noted that while the mandatory afforable housing quota is well intended, a blanket requirement often results in a disconnect between supply and demand.
MDEC is working closely with the federal government on three smart city projects: creating Digital Twins to predict traffic and flood risks, Smart Tree profiling and Digital Avatars to improve city planning.
The introduction of the RRT trophy this year symbolises the dedication of members who have upheld their integrity in the real estate profession, while reminding realtors of the role they play in shaping communities through their success.
Overseas property earnings advanced 68%, contributing to the 22% overall profit growth.
Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.
The mixed housing project in Kubang Pasu, Kedah, will have a gross development value (GDV) of RM663.
In a bourse filing on Thursday, Taghill said it had received the adjudicator’s decision dated Sept 17, Wednesday, ordering Dreamlike Development to pay RM3.
MPI said the acquisition will deepen collaboration with Infineon, its key customer, and expand its semiconductor assembly and testing capacity.
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