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Both the first and second phases of The Nobel Healthcare Park have a total gross development value (GDV) of RM250 million.

The group is selling the two-storey and one-and-half-storey factories, located on leasehold land in Taman Perindustrian Kinrara, to Sedaya Rasmi (M) Sdn Bhd.

Rosmin joined Sime Darby Property Malaysia in June 2018 as the senior vice-president for Malaysia Vision Valley project.

"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.

iMAZING Realty group director, Gary Lok: It will enhance our brand image to help prospective clients get a sense of what it might be like to work with us in helping them get their dream properties.

If found guilty, the duo could face imprisonment of between six months and five years, with whipping, and are also liable to a fine.

The units, located under the Centralised Labour Quarter (PAPA) project @ Balakong in Seri Kembangan, will provide suitable accommodation for the group’s foreign workers, the home improvement retailer said.

Paragon Union said the disposal provides an opportunity for the group to unlock and realise the value of the property, which it expects to record a net pro forma gain of RM11.

Held over the New Year’s Eve weekend, the event also celebrated “the grand finale of the company’s Beyond 50 campaign”.

Ranjan Chandran, the lawyer for the 36 buyers who are seeking to be interveners to oppose the CVA, submitted on Wednesday (Jan 4) that the CVA was usually intended for ailing companies and not for abandoned developments.