Jasa Kita proposes land acquisition from newly appointed chairman's spouse
The group said it will pay for the stake in SPPH Eco Biomass Resources Sdn Bhd via a cash payment of RM14.
The group said it will pay for the stake in SPPH Eco Biomass Resources Sdn Bhd via a cash payment of RM14.
In a filing with Bursa Malaysia, the engineering and construction services provider said the contracts were awarded by Permas Jaya Sdn Bhd, Melia Spring Sdn Bhd and CJ Developments Sdn Bhd.
Twin Palms, Selangor bungalow sold for RM2.
The state executive council has also agreed that appeals for quit rent reductions, outstanding arrears and late payment penalties may be considered through the appeal mechanism at land offices for certain cases.
The Johor Bahru project, aimed at developing modern family-oriented homes and commercial units, is scheduled for completion in July 2027.
As for the TRX Campus office, Lendlease’s exit will see Valiram hold a 60% stake, and TRX City the remaining stake.
The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.
Looking ahead, the group said it remains optimistic on opportunities in the rail and infrastructure sector.
"The strategic appointment of the deputy minister from Sabah also reflects the government's commitment to ensuring that Labuan receives greater attention and support.
The transaction is part of Lendlease’s capital recycling programme and reflects growing investor confidence in the performance and long-term potential of the Tun Razak Exchange precinct.