JHM acquires leasehold land with buildings in Sungai Petani for RM21 mil
JHM said the acquisition is a critical investment for the company’s expansion.
JHM said the acquisition is a critical investment for the company’s expansion.
The project comprises 1,063 units, spread over two towers, with built-up size of 1,000 sq ft and 1,120 sq ft.
Phase 2 of Ridge View is part of the larger Ridge View landed hilltop residential development in Puchong, which will be developed in six phases.
According to the group's latest annual report, Joanne Lee Sor Phaik was appointed to the position on July 13, 2023.
Under the agreement, SysAIU is responsible for sourcing all necessary equipment and infrastructure for the project, including graphics processing units (GPUs), servers, storage systems and cooling equipment.
Recently, the builder and developer has been in the spotlight due to a dispute with its former chief executive officer Datuk Loh Yuen Tuck.
CEO Sufian Abdullah said: “Our industry stands at the crossroads, shaped by transformative forces that demand our attention.
"This initiative also aligns with our ongoing ESG (environmental, social, and governance) commitment to encourage property buyers to adopt greener living, reduce carbon footprint, and embrace a cleaner and greener future.
"The acquisition marks a significant milestone in Maming Group of Companies' strategic plan to expand its footprint in the Malaysian property development industry.
The latest contract win boosts Binastra's year-to-date new contract total to RM1.