MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years
The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.
The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.
The bank has also requested that a reserve price be set by the court and a licensed auctioneer appointed to handle the sale.
The property is currently Parkway Life Malaysia’s sole asset and contributes 0.
Ho Hup said details of the scheme of arrangement will be announced later.
Of the West Coast Expressway’s 11 sections, eight have been completed and begun operations — the most recent being Section 2, which commenced in January this year.
The company said revenue rose 61.
The purchase is “purely for investment purposes”, the metal building material maker said.
Dixon said that the signing of the company’s newest Signature location comes as the demand for quality hybrid work solutions and access to a vast network of locations across Malaysia continue to rise.
Paradigm REIT is set to be listed with 1.
Analysts said the development reinforces EcoWorld’s long-term growth prospects from resilient demand for industrial assets, while the price tag for the project land is also fair.