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“Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.

Datuk Chang Khim Wah, president & CEO of EcoWorld Malaysia: With the acquisition of the new land, we will be able to further grow our market share and cater to a wider range of industrial customers.

The 88-acre Tropicana Metropark township will also be home to the upscale supermarket Mercato.

In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.

Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.

Net proceeds of RM50.

“We designed and planned our townships with a target to achieve at minimum a 30% overall reduction in carbon emission, as compared to the business-as-usual design.

The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.

Titijaya Land said the winding-up of Renofajar will not cause a material financial impact on the group due to the unit’s insignificant contribution to its financial performance ― having contributed 1.

Lion Industries said the disposal, which is part of the group’s strategy to divest its non-core assets, will allow the group to realise its investment in the land sold with a pro forma net gain of RM57.