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Upon the completion of the consolidation, Nexgram will see its number of issued shares to be between 441.

This is because the 35-year-old building is deemed to be well maintained while having a strategic prime location in the city centre and potentially competitive rental rate if office space supply remains abundant two years down the road, according to experts in the property sector.

Westlite currently has workers' accommodation in Johor, Penang and Selangor with a total of 25,099 beds as of June 30 KUALA LUMPUR (Sept 14): Westlite Accommodation Malaysia aspires to expand its operations in Malaysia, said Centurion Corp Ltd chief executive officer Kong Chee Min in a media briefing on Tuesday (Sept 13).

Plenitude also announced that its new housing project launches in Johor and Kedah for the financial year ending June 2023 “carries a gross development value (GDV) of RM508.

All Westlite PBWA assets in Malaysia are in compliance with the new regulatory specifications set out in the Workers’ Minimum Standards of Housing and Amenities Act 2019 (Act 446).

Man Sing said the disposal of the land is in line with the group’s strategy to focus more on its "M-Series" type of residential land for development of affordable properties.

KSL said it will entail 628 units of residential properties and is expected to commence in 2024 and spread over a period of eight to 10 years.

The department store operating on the properties has been suffering losses due to the weakening spending power of local residents as well as the adverse effects of Covid-19 mitigation policies on the retail business.

Under the collaboration agreement, LSHBB and Gamuda IBS aim to support the construction industry’s transition towards the Fourth Industrial Revolution (IR4.

Encorp said the proposed joint venture (JV) provides a strategic partnership and is in line with the group's principal business activity to expand its property development segment.