The contract, slated to be completed within 36 months, is not expected to have any effect on the group's issued share capital and substantial shareholders’ shareholdings, said Vizione.
Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd accepted the award from Melati Ehsan's unit Bayu Melati Sdn Bhd.
The equity participation by Low Gay Teck, who has held the position of managing director for the last 15 years, will ensure his continued services to the group in the foreseeable future, L&G said in a bourse filing.
A studio apartment is an open layout with no walls to separate rooms, except for the bathroom.
KEDAH (Feb 9): After operating for almost 15 years, BDB Hotels located in Bandar Darulaman, Jitra, Kedah will change its operations from a hotel to serviced apartments when its operating license ends.
KUALA LUMPUR (Dec 29): Genting Malaysia Bhd’s (GenM) operating unit Resorts World Genting (RWG) said in its latest notice that it remains open, and that the hotel and casino operator is not operating in the affected area where an enhanced movement control order (EMCO) is being implemented — at the Amber Court and Ria apartments — until Jan 6 to curb the spread of the Covid-19 pandemic.
PETALING JAYA (May 1): The absorption of commercial-titled residences, mainly serviced apartments and SoHos, is posing a challenge to the market as seen from the significant increase in the number of overhang units of this property type in 2019.
PETALING JAYA (April 30): Luxury serviced apartments in certain locations in the country have seen their market prices reduced by up to 14% amidst rising supply in the market.
PETALING JAYA (April 30): Residential property transactions in the state of Johor saw an uptick in 2019.
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