News about chang

KUALA LUMPUR (Jan 23): BWYS Group Bhd (KL:BWYS) will sell its leasehold industrial land with buildings in Bukit Changgang, Kuala Langat, Selangor, for RM67 million and acquire freehold industrial land in Tanjong Duabelas, Kuala Langat, for RM94.

As for the TRX Campus office, Lendlease’s exit will see Valiram hold a 60% stake, and TRX City the remaining stake.

The transaction is part of Lendlease’s capital recycling programme and reflects growing investor confidence in the performance and long-term potential of the Tun Razak Exchange precinct.

“Our team attended to the matter promptly, completing the necessary repairs and ensuring the area was secured and cleaned within 15 minutes.

The uptake was bolstered by an expansion from existing tenant Urban Pinnacle Ventures Sdn Bhd, which signed an additional 134,000 sq ft, bringing the total occupancy to nearly 250,000 sq ft.

Unless substantial amendments are made or both legislations are forthwith withdrawn, they risk undermining property rights, community participation, and the democratic governance of the city of KL.

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).

The group, which is mainly engaged in property development and construction, plantation, and building material trading, booked unrealised foreign exchange gains of RM800,000 for the quarter, compared with RM5 million in 2QFY2023, according to its bourse filing on Friday.

He has held various leadership roles, including serving as the group CEO of seven companies within the PNB group, throughout his 18 years with PNB.

Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.