I-Bhd's 2Q net profit more than doubles on stronger contributions across all businesses
Net profit came in at RM11.
Net profit came in at RM11.
The partnership aims to attract global technology firms to JLG’s industrial assets, including the Ibrahim Technopolis (IBTEC) and developments within the Johor-Singapore Special Economic Zone (JS-SEZ).
The exercise was first announced in September last year, when the hospitality and property development group also unveiled plans to acquire a 2.
The contract, awarded by CI Medini Sdn Bhd, will be carried out in two phases, said the company in a bourse filing.
“The proposals are carried out as part of the ordinary course of business of Y&G as a property developer, with the aim of enhancing its landbank for future development, thereby ensuring continued development opportunities for the group going forward.
With this deal, HCK’s total investment for Plots 1, 2 and 3 in the same development rises to RM57.
The potential listing of two real estate investment trusts (REITs), which CGS International is confident will materialise, will lower IOI Properties’ gearing levels, the house noted.
Buyers may opt for either conventional or Islamic financing, with flexible repayment terms of up to 10 years or until the age of 70.
Last Friday, NexG announced that it had acquired a 32.