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The order means that the winding up petition has been permanently set aside and is no longer in effect.

Its property segment also recorded a higher operating profit of RM132 million, from RM124.

“The framework provides transparency and disclosures in terms of the relevant governing and decision-making processes employed by TNB in undertaking SFTs taking into consideration relevant environmental and social risk management in accordance with available best market practices in support of TNB’s overall sustainability strategy and Energy Transition Plan, thereby promoting overall credibility of such transactions undertaken.

SC said that it is currently working with the relevant stakeholders to operationalise the scheme by the first quarter of 2025.

It said these incentives, which aim to establish Forest City as a hub for family offices, are projected to attract local and international investments, fuelling demand for property and creating job opportunities over the long term.

The proposed acquisition will be a key component of NCT’s growth strategy in Sabah as the group seeks to expand its property development business in the state, said its executive chairman Datuk Seri Yap Ngan Choy.

This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram.

The factory, identified as Type Cm, sits on 2,633.

Structural completion marks major milestone, setting the stage for final construction phase — with an anticipated completion on February 2027.

There is a need to consider the relocation of regulations with regard to building manager and building management from the MOF to KPKT; so as to restore a balanced property industry ecosystem, where each individual stakeholder strives to look for ways to collaborate and leverage the power as a whole, in such a way to create a constantly evolving relationship not only to survive but to thrive.