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With the sale, Hextar Global said the group plans to focus on operating durian collection centres instead, where various sellers can supply the fruit to the group.

The deal comes as the company racked up more than RM252 million of cash and cash equivalents as at the end of June.

This is the third collaboration between i-Bhd and Wyndham, following the success of Wyndham Suites KLCC and Wyndham Garden i-City.

The Reya at KL East marks Sime Darby Property’s latest addition to the multi-award-winning KL East masterplan.

This sale gives the Malaysian developer full ownership over the South Beach mixed-used development, which includes South Beach Tower, South Beach Avenue, and the JW Marriott Hotel Singapore South Beach.

MAHB managing director Datuk Mohd Izani Ghani in the statement said, “The aerotrain is a vital link in KLIA’s operations, and we are committed to keeping it reliable for our passengers.

The newly appointed directors were earlier proposed to the board by a group of shareholders led by Yudishthiran Doraisamy, who together held 10.

The average transaction price for Serai Bukit Bandaraya was RM1,644 psf, based on EdgeProp’s data for the past 48 months.

The land parcels measure approximately 14.

The project will feature double-storey terrace homes with four bedrooms, three bathrooms, and a 10ft private rear garden.