Parkway Life REIT to divest Malaysian property for RM20m
The property is currently Parkway Life Malaysia’s sole asset and contributes 0.
The property is currently Parkway Life Malaysia’s sole asset and contributes 0.
Ho Hup said details of the scheme of arrangement will be announced later.
“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.
Of the West Coast Expressway’s 11 sections, eight have been completed and begun operations — the most recent being Section 2, which commenced in January this year.
The company said revenue rose 61.
The purchase is “purely for investment purposes”, the metal building material maker said.
Dixon said that the signing of the company’s newest Signature location comes as the demand for quality hybrid work solutions and access to a vast network of locations across Malaysia continue to rise.
Fong was initially suspended for two weeks from April 7 as a precautionary measure to facilitate an independent review into alleged misconduct that may have breached the company’s internal policies and terms of employment.
Paradigm REIT is set to be listed with 1.
Analysts said the development reinforces EcoWorld’s long-term growth prospects from resilient demand for industrial assets, while the price tag for the project land is also fair.