News about ar

The group anticipates strong demand for its affordably priced properties and will continue to launch new phases of developments.

DONE DEAL: Factory, Petaling Jaya, Selangor DONE DEAL: Commercial land, Persiaran Titiwangsa, Kuala Lumpur Located in the enclave of Damansara Heights or Bukit Damansara, Kuala Lumpur the property is surrounded by numerous conveniences and amenities.

The enlarged issued share capital of approximately one billion shares will translate to a market capitalisation of approximately RM800 million.

The acquisition, which is expected to be completed by the first quarter next year, will expand the KIP REIT’s portfolio to 11 assets.

Up to 50% of the 410 available units are already reserved as the “high-rise condominium has generated significant interest among urban dwellers who value a quality lifestyle and captivating living environments”.

“The company has decided to terminate the CEO’s contract of employment by giving him three month's salary in lieu of the required notice as per his contract,” said Zelan in a bourse filing on Thursday (June 15).

The Property Awards singled out Battersea Power Station for its grand public opening in October 2022, delivering 254 apartments, 565,000 sq ft of office space and over 100 shops, restaurants, bars and unique leisure experiences, positioned inside the landmark.

Group chief executive director and executive director Jeffrey Chew Sun Teong said the 10% targeted sales growth is “conservative”, considering weaker market sentiment this year compared to last year amid concerns over high inflation and economic prospects.

Based on its Bursa filing on Wednesday, both parties have also entered into a subscription and shareholders agreement (SHA) for the incorporation of a special purpose vehicle (SPV) to implement the joint venture.

This is the fourth contract that the construction group has secured this year.