Vizione to cut share capital by RM500m to offset accumulated losses
After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.
After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.
Cross-border capital flows also rose by 12% to US$171 billion, underscoring the international appetite for real estate.
Through Medini Innopolis, IIB is positioning Medini as a future-ready city that integrates innovation, sustainability, and economic prosperity.
The policy aims to ensure consistent, accurate, and transparent valuations that comply with professional standards.
350 acres of Setia Fontaines will become mixed-use and industrial key hub in northern Malaysia.
“There’s a lot of effort going into monetising the three campuses, the hotel and the office.
“But we are now re-studying whether we could do a whole redevelopment.
"To resolve this, we have devised a plan to determine which assets LTAT should retain a larger direct shareholding in and which should remain under Boustead’s management.
The shift could free up cash as fewer funds are being channelled back to its property development activities, Chew said.
The largest contract, valued at RM100 million, was awarded by Uni Land Sdn Bhd for works on a 456-room hotel at Empire City.