LSH Capital says former KL Tower operator’s lawsuit ‘without merit’, followed procurement process
"Our appointment was based on a legitimate government-led procurement process.
"Our appointment was based on a legitimate government-led procurement process.
Southern Score said that the transfer will enhance its corporate profile, credibility and reputation, while increasing its visibility among institutional investors.
The disposal is expected to unlock the value of the assets while allowing KPJ to retain operational control through a leaseback structure.
The Johor-based property developer recorded a net profit of RM536.
The former operator of KL Tower — Menara Kuala Lumpur Sdn Bhd — and its parent Hydroshoppe Sdn Bhd are alleging contractual breaches and misconduct that led to the award of the concession to LSH Service Master.
The recent Park Regent unit sold at RM2,771.
“The principles of land valuation, compensation calculations, and the legal framework governing land acquisition must be reviewed to reflect current market trends,” said Prof Dr Ismail Omar in the forum.
Vun was the former MD and shareholder of FTEC Resources Bhd, which morphed into Tecasia Bhd and later Mangotone Bhd, before being delisted in 2010.
Following this latest project win, Bintai Kinden’s unbilled order book has increased to RM132.