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The group, which lodged the Sukuk Wakalah Programme with the Securities Commission Malaysia on Wednesday, said proceeds from the issuance of the sukuk will be used to finance and reimburse capital expenditure.

Atlan had previously announced in October that two lands belonging to its two indirect wholly-owned units — Cergasjaya Sdn Bhd and Cergasjaya Properties Sdn Bhd (CPPA) — had received notices for the compulsory acquisition of two pieces of land in Bukit Kayu Hitam.

Wong, 69, has decided to end his fixed-term contract earlier, to spend time with family and manage personal matters.

DFI said the land was acquired by Malaysia's Home Affairs Ministry and is administered by the Department of Director General of Lands and Mines, Kedah.

DONE DEAL: Semidee house, Section 13, Shah Alam, Selangor DONE DEAL: Condo unit, Verde Ara Damansara, Ara Damansara, Selangor In terms of tenant demographics, Bukit Ceylon, Kuala Lumpur, comprises a majority of commercial tenants at approximately 30%, followed by expatriates at 24%.

The URA does not merely entail urban redevelopment of private land, but disturbingly, also postulates the possibility of “privatisation” and “commercialisation” of public land — land gazetted and reserved by state authorities for public purposes under Section 62 of the National Land Code (Act 56 of 1965) and land owned by the Federal Land Commissioner (PTP).

RAM Rating Services Bhd has assigned a rating of “AA3” to the IMTN programme, and “P1” to the ICP programme, both with a stable outlook.

The construction and trading group said the contract was awarded by the project developer, Sime Darby Property (Golfhome) Sdn Bhd.

DONE DEAL: Terrace house, The Mansions, Desa ParkCity, Kuala Lumpur DONE DEAL: Semidee house, Flora Ville, Skudai, Johor Bukit Bintang’s average transacted prices for non-landed residential properties are in constant flux, and after a 10% decrease during 2022 and 2023, they are now up by 38.

DONE DEAL: Terrace house, The Mansions, Desa ParkCity, Kuala Lumpur DONE DEAL: Semidee house, Flora Ville, Skudai, Johor During 2022 and 2023, average transacted prices for landed properties in Seri Kembangan, which includes Taman Bukit Serdang, increased by 86.