Axis REIT sues ex-tenant to recover RM105 mil in unexpired future rental payments
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
DONE DEAL: Semi-detached house, Cheras, Kuala Lumpur DONE DEAL: Bungalow, Nilai, Seremban Situated in the township of Kajang, Selangor, the property is surrounded by many conveniences.
Net proceeds of RM50.
“With limited land resources and considering areas that need to be protected and preserved, urbanisation must not just focus on urban renewal but infill development as well.
Buying your first house involves a lot of self-reflection.
The all-cash deal is deemed a related party transaction as KIP REIT’s major unitholder Datuk Ong Kook Liong is also a director and major shareholder of Cahaya Serijaya.
“We designed and planned our townships with a target to achieve at minimum a 30% overall reduction in carbon emission, as compared to the business-as-usual design.
The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.
Titijaya Land said the winding-up of Renofajar will not cause a material financial impact on the group due to the unit’s insignificant contribution to its financial performance ― having contributed 1.
The group has not undertaken any equity fund-raising exercise in the past 12 months.