KTI Landmark to build RM107m cultural complex in exchange for 65-acre land in Sabah
KTISB will pay for the complex construction and, in return get the 65 acres as payment.
KTISB will pay for the complex construction and, in return get the 65 acres as payment.
The space will be used for commercial operations and under International Financial Reporting standards, with the tenancy agreement treated as the acquisition of a right-of-use assets, which Parkson booked at about 14.
The group declared an interim dividend of three sen per share, to be paid on Sept 18.
Revenue for the quarter rose 3.
MBW Innexus is located 6km from Tanjung Langsat Port and 14km from Johor Port, with access to Senai International Airport and Singapore’s Changi Airport.
“The group remains cautiously optimistic of its prospects, supported by the robust demand for its projects which are strategically located and offer strong value propositions aligned with market needs,” Avaland chief executive officer Apollo Bello Tanco said.
The proceeds from the RM800 million perpetual sukuk issuance will be utilised by EcoWorld and its group entities for working capital requirements, investments, acquisitions and capital expenditures, refinancing or repayment of existing debt or future shariah-compliant financing, and/or general corporate purposes.
Minister of Housing and Local Government Nga Kor Ming outlined that Act 867 focuses on four key principles: improving service efficiency, reducing bureaucratic red tape by at least 25%, enhancing accountability in governance, and ensuring effective regulation through structural reforms.
The land is owned by E&O’s indirect unit, Hammersmith Properties Ltd.