News about edge

The upcoming Federal Court decision will once and for all decide whether the land should be developed or not.

In March 2021, Yong Tai's wholly-owned subsidiary YTB Land Sdn Bhd (YTBL) was appointed as the exclusive mining operator to undertake the exploration and exploitation works on the project after it signed an agreement with the registered holder of the mining lease of the land, Tengku Fahad Mua'adzam Shah ibni Almarhum Sultan Haji Ahmad Shah, and Amazing Logic Sdn Bhd.

On prospects, Tambun Indah Land said the property market outlook in 2023 is expected to remain impacted by a rising interest rate environment, coupled with an escalation in construction costs.

“CHHB highly values the trust of investors and wants to stress that the personal financial situation or insolvency of any shareholder will not affect their financial or operational performance.

In a press conference on Thursday (April 13), Lee -- who is property developer Country Heights Holdings Bhd's founder and largest shareholder -- said the issue was escalated by Patrick Healy, a former officer of US-based Club Excellence Inc which had already been wound up.

In a note on Thursday (April 13), the research house initiated a target price of RM1.

Under the SARE agreement, GSPARX will construct, operate and maintain the PV solar facilities with a system size of approximately 77,000kWp for 25 years.

The RM220 million Mutiara Central was launched in July 2018 and completed in October 2022.

The property developer said the acquisition of the stake for RM16.

According to Malaysia Department of Insolvency's website, e-insolvensi, the tycoon received the bankruptcy notice issued by the Shah Alam High Court on Jan 26 this year.