The research house said PGF’s weak share price performance is mainly due to delays caused by unresolved water supply issues, which have prevented the Tanjung Malim property development from starting.
Backed by Datuk Doh Jee Ming, the managing director of property developer Lagenda Properties Bhd, EGH International has completed projects in Malaysia and abroad over the past 15 years, including 57 hotels and resorts, 19 healthcare facilities, and three educational institutions.
As of end-September 2025, Sunway reported cash and bank balances of RM6.
Padini had 149 domestic outlets with annual lease payments of RM145.
While portions of the land are currently occupied by tenants, Oriental Interest noted that these tenancies are expected to expire by the deal’s completion.
According to Paramount, the site, located within the Putrajaya Sentral masterplan, is near Putrajaya Sentral Station, the city’s main integrated transportation hub connecting the MRT Putrajaya Line, the KLIA Transit Express Rail Link and bus networks.
The JV company, Lum Chang Tien Wah Property Sdn Bhd (LCTWP), has signed an agreement with MyTelehaus Sdn Bhd to develop, own, lease and operate a data centre.
Phase 4 of Ridge View @ Puchong is part of the larger 25-acre gated and guarded development.
SCIB said it is too premature to provide estimates for the GDV or gross development cost for the project at this juncture, as it is only in the early stages of planning, and the final development concept has yet to be determined.
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