The company is in the midst of conducting feasibility studies to expand or replenish its landbank for future developments in Selangor, Penang, Kedah, Melaka and Johor, SPB said in the draft prospectus.
In a filing with Bursa Malaysia on Friday, Kerjaya Prospek said its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd (KP), has served a writ of summons and statement of claim to Yong Tai and Datuk Boo Kuang Loon.
The exercise, which is expected to be completed by the first quarter of 2025, will reduce the group’s interest-bearing borrowings to RM171.
Sunway 163 is presently 99% occupied, with over 100 tenants and brands with a diverse range of retail offerings, catering to a catchment encompassing Mont’ Kiara, Hartamas and Segambut.
The project has a gross development value of RM228 million, offering 500 serviced apartments within a 33-storey tower, with built-ups ranging from 572 to 1,065 sq ft.
The curriculum is run as a fully sponsored community project by Yayasan Gamuda, and is open to students, graduates, professionals and start-up founders up to the age of 40, who have an interest in learning AI.
The proposed IPO involves a public issue of 132 million new shares and an offer for sale of 59 million existing shares at a price to be determined later, according to its draft prospectus.
The leasehold land, measuring 23,512 square metres at Tampines, will be used for a mixed commercial and residential development.
This is the second subcontract KJTS received from Sunway Engie within a month.
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