Just a year into his executive director role, Yu Jian Loong, 25, was one of three board members who were voted out after seeking re-election at the company’s AGM.
The scope of works includes road and drainage construction, sewerage works, water reticulation and other ancillary works.
The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.
In a bourse filing, the group said the acquisition will allow it to launch development swiftly, as approvals have already been secured.
Sime Darby Property said the initiative reflects its commitment to fostering inclusive, community-driven townships, while leveraging Elmina Lakeside Mall’s accessibility to encourage public participation.
Taman Tadisma, Selangor terrace house sold for RM850k | DONE DEAL Trinity Pentamont, Kuala Lumpur condominium sold for RM2m | DONE DEAL Serai Bukit Bandaraya, Kuala Lumpur condominium sold for RM8.
Scientex, which also develops properties, said it is well-positioned to capture growth opportunities in the affordable housing segment and expects sustained growth backed by “a solid pipeline of developments and a stable outlook.
The group has set a target to launch over 10,000 units a year.
Bayu68 comprises single- and double-storey shops ranging from 1,650 to 6,203 sq ft.
The contract involves the construction and completion of earthworks and ancillary works for Phase 1 Package 3 of Bandar Bukit Raja Stage 4 in Mukim Kapar, Daerah Klang, Selangor Darul Ehsan.
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