Tri-Mode to acquire leasehold land in Pulau Indah for RM42m
Tri-Mode said it is buying the land from Central Spectrum (M) Sdn Bhd, a company indirectly owned by Menteri Besar Selangor Incorporated.
Tri-Mode said it is buying the land from Central Spectrum (M) Sdn Bhd, a company indirectly owned by Menteri Besar Selangor Incorporated.
The acquisition is part of Selangor Dredging’s ongoing effort to identify suitable properties for its land bank, the group said in a stock exchange filing on Tuesday.
The group said the consortium is led by Tokyo Star Bank Ltd and co-led by Okinawa Development Finance Corporation (ODFC) and Bank of The Ryukus.
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
“Despite the PSI project being scaled down by scrapping Island B and Island C, we are not overly disappointed as the local government still maintains its plan to develop Island A (Silicon Island) with more concrete details and a timeline.
The Berjaya companies did not receive the necessary approvals following a change in the Selangor government after the 2008 general election.
This collaboration paves the way for I-Bhd to launch its latest five-dimensional edutainment facility with the latest immersive technology in i-City by December.
CIDB’s bid to elevate the quality of Malaysian buildings is laudable and a move in the right direction.
The sustainable township “offers eight key pillars for all market segments: residential, retail, F&B, education, wellness, silver hair, parks and recreation.
The property is situated within an established industrial development known as the Sendayan Techvalley Industrial Park.