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Under the previously scrapped "Project Moonshot", Boustead was to transition from a diversified conglomerate into a real estate-focused entity.

“Approvals under the previous policy stand at 57,686, comprising 28,209 principals and 29,477 dependents.

The project is expected to commence on February 24, with completion on September 25.

New property sales for FY2024 was RM1 billion, mainly contributed by the Bamboo Hills Residences, Aster Hill, Duo Tower and Laurel Residence projects.

According to the draft, the consent threshold for participation is as follows: 80% for buildings of 30 years, 75% for buildings more than 30 years, and 51% for abandoned buildings.

The units will come with two layout options of three bedrooms and built-ups ranging from 760 to 850 sq ft.

The purchasers, which include co-owners, received RM15,922 for each unit from the proceeds, which was 2.

The approval from Bursa Malaysia comes at a time when “we are ready to take advantage of the vast development opportunities in Malaysia’s construction industry especially in Sarawak”, the construction firm said in a statement.

The group declared a third interim dividend of 1.

Under the contract, Exsim Concepto will serve as the nominated sub-contractor for interior design works covering common areas and unit carpentry for the 42-level serviced apartment, which features 508 residential units, three strata shop units, and various facilities.