The company is seeking its shareholders’ approval for the proposed business diversification, as the property development is expected to contribute at least 25% to its net profits and net assets in the future.
The initial property portfolio includes the Bukit Tinggi Shopping Centre, which will be acquired from Gemilang Waras Sdn Bhd, a wholly-owned unit of WCT, for RM680 million, with RM350 million settled in units and RM330 million in cash.
Asian Pac said the proposed acquisition aligns with its strategy to invest in retail malls, with the objective of increasing net property income.
Find out the y-o-y median transacted price movements of four of PJ’s most popular locales as of Oct 31, 2024 — based on EdgeProp Research and EPIQ platform.
Our concerns regarding the proposed URA are well founded and highlight critical legal and constitutional issues.
A congestion charge is a fee imposed on vehicles entering certain busy areas, usually city centres, to reduce traffic congestion and encourage public transport use.
IOI Properties’ hospitality & leisure segment more than doubled its revenue, primarily driven by contributions from three new additions to the portfolio, namely Moxy Hotel, W Kuala Lumpur and Courtyard by Marriott Penang.
DONE DEAL: Bukit Bintang condo sold (Verticas Residensi) DONE DEAL: Petaling Jaya terrace unit sold (Taman Megah) In terms of the distribution of price and built-up size ranges for The Ooak Suites, Kiara 163, only 7.
EXAL Group has joined forces with Solarvest to integrate cutting-edge rooftop solar PV systems and green EV charging infrastructures into their developments.
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