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The land was proposed to be sold to Ladang Lekir Sdn Bhd (LLSB), a wholly-owned unit of the Perak State Agriculture Development Corporation, for RM18.

The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.

Park Regent, Kuala Lumpur condo unit sold for RM11.

Datuk Rhodzariah Bujang, leading a three-judge panel together with Datuk Abu Bakar Jais and Datuk Lee Swee Seng, said they need more time to study the submissions and will inform the parties of a date for a decision in due course.

“On the surface, this revenue-sharing scheme seems lopsided and demands further detailed disclosures,” they said, noting that Petaling Jaya alone is projected to face a revenue shortfall of around RM10 million under the proposed deal.

It noted that of seven MOUs signed by SD Guthrie to develop 6,070 acres of land over the next decade, only one has reached the SPA so far.

CLMT’s retail properties delivered a positive rental reversion of 10.

Idros, 53, brings with him nearly three decades of experience in strategic investment and real estate, primarily at PNB.

One of the questions is: As the court had ruled the government had taken the land unlawfully and the landowner is entitled to possession of the land, does Article 13 permit the government to keep the land  by the payment of compensation? PUTRAJAYA (July 22): Semantan Estate (1952) Sdn Bhd, the company embroiled in the long-standing ‘Duta enclave’ dispute, has posed 26 questions of law to the Federal Court, as it seeks the court's leave to appeal the Court of Appeal's decision in the case.

“I think the central bank wants to wait and see whether the July rate cut will support economic growth.