Scientex open to East Malaysia expansion in affordable housing push
The group has set a target to launch over 10,000 units a year.
The group has set a target to launch over 10,000 units a year.
Phase 1 includes the development of three lines: the Blue Line from Rembus in Kota Samarahan to Hikmah Exchange in the city centre; the Red Line, from Kuching Sentral to Pending; and the Green Line, from Pending to Damai.
Sarawak Premier Tan Sri Abang Johari Tun Openg said the move was informed by lessons drawn from the successful development of the Suzhou Industrial Park in China, following a recent engagement with its administrative authority during a working visit to the city.
Sarawak Transport Minister Datuk Seri Lee Kim Shin said the first interim report was presented on Oct 30 this year, and the feasibility study is expected to be completed by June 2026.
The share disposal comes as CMSB grapples with weaker financial performance.
This acquisition makes the group’s first expansion into East Malaysia, underscoring its commitment to broadening its geographical footprint and reinforcing its long-term growth strategy.
Bina Puri will also be appointed as the exclusive representative for Hanil’s products in Malaysia, while exploring expansion into other Southeast Asian markets.
Phase 1 of the highway—covering three sections in Limbang (44.
In a filing with Bursa Malaysia on Thursday, Rimbunan Sawit said it had entered into a rescission agreement with LHSB to mutually terminate the JV agreement signed in April 2001.
The land, valued at RM113 million, is being bought below market price.