Following the acquisition, Pesona Metro said its new property development segment may contribute 25% or more of its net profit and potentially result in a diversion of 25% or more of its net assets moving forward.
The National House Buyers Association (HBA) has time and again highlighted the ramifications and repercussions that will affect the house owners’ rights and interests, should the URA be enacted without 100% consent from all homeowners.
Economy Minister Rafizi Ramli said this approach aims to prevent the government from repeating past mistakes and to mitigate the risk of wasting taxpayer money on infrastructure.
“Going forward, exports are expected to be further lifted by the global tech upcycle given Malaysia’s position in the semiconductor supply chain, as well as continued strength in non-electrical and electronics goods.
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In its 10th anniversary celebration last week, the agency also signed a new MOU with EdgeProp to expand its market reach and sharpen its competitive edge.
The entitlement date for the bonus issue will be determined later, the group said, adding that the warrants' entitlement date will be announced after the completion of the bonus issue.
The two-year sub-contract was awarded by Iqzan's subsidiary Kacon Construction Sdn Bhd, said Annum in a bourse filing.
Proceeds from the sale will be allocated to repay bank borrowings of RM9.
The land is currently categorised as agricultural land, and the buyer will be converting it to the medium industrial category.
The proposed IPO involves a public issuance of 78.
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