Allgreen's multi-phase redevelopment of Johor Bahru City Square aims to transform the mall into a modern lifestyle hub and add new hotel apartments to capture demand from the upcoming Johor Bahru-Singapore RTS Link.
The 15-month contract period commences on Dec 15, and is scheduled for completion on March 14, 2027.
PGB plans to allocate the proceeds toward disposal-related expenses, partial repayment of bank borrowings and working capital.
YTL Hotels had announced the acquisition of the Thistle Johor Bahru hotel from GuocoLand Ltd for RM150 million in September this year.
In a statement, SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said industrial development is set to become an important pillar of the group’s future growth.
The freeport is envisioned to offer tax exemptions on energy and maritime businesses, import-duty exemptions on most raw materials and equipment for manufacturing, unrestricted capital and profit repatriation, and allows 100% foreign ownership subject to conditions.
Developed as a key component of the JS-SEZ masterplan, the initial phase of SJREC is expected to include up to four gigawatts peak (GWp) of solar capacity and 5.
This will be the data centre provider’s third campus in Malaysia.
Transport Minister Anthony Loke Siew Fook said the initial focus of the ETS3 will be the Johor Bahru-Kuala Lumpur route to allow higher train frequencies compared to longer routes.
With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.
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