GUH Holdings expects RM4m revenue boost from out-of-court settlement with JAKS’ unit
Under the settlement, JAKS-KACC JV is to pay Teknoserv RM9.
Under the settlement, JAKS-KACC JV is to pay Teknoserv RM9.
The company said it has also implemented the whistleblowing platform, stipulated limits of authority for delegation of power and authority, and the declaration of assets.
In a filing on Tuesday (July 4), the company said its wholly-owned sub-subsidiary Central Global Development Sdn Bhd (CGD) signed the agreement with Menteri Besar Kedah Inc’s wholly owned subsidiary Permodalan Kedah Bhd (PKB).
DONE DEAL: Serviced residence, Genting Highlands, Pahang DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur Located within the confines of Bukit Damansara, Kuala Lumpur this property offers a secluded and secure residential area with gated-and-guarded access.
“Right now, under the current act (law), we have to get 100% consent from the residents (of the identified projects) to implement a redevelopment [plan], which is not possible… We will be coming out with a new act soon, to speed up the progress of the redevelopment projects.
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.
The court also considered that there was no approval from the land owner for True Renaissance to continue with the project.
Tan has served as a board member in the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEAP), in which time he has held the role of chair of the Estate Agency Practice Committee (EAPC).
“This new development will reinforce SCIB’s financial stability and robustness and pave the way for future growth opportunities, thus creating long-term shareholder value.
Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.