In a filing with Bursa Malaysia on Tuesday, EP Manufacturing said Kensington has terminated all agreements with BPPSB and will take the necessary steps to reclaim possession of the land involved in the project.
The group said it will pay for the stake in SPPH Eco Biomass Resources Sdn Bhd via a cash payment of RM14.
In a filing with Bursa Malaysia, the engineering and construction services provider said the contracts were awarded by Permas Jaya Sdn Bhd, Melia Spring Sdn Bhd and CJ Developments Sdn Bhd.
Twin Palms, Selangor bungalow sold for RM2.
The transaction is part of Lendlease’s capital recycling programme and reflects growing investor confidence in the performance and long-term potential of the Tun Razak Exchange precinct.
This development consists of a five-storey basement, a 10-storey podium, a 48-storey hotel and private residences (Tower 1) and a 56-storey serviced apartment (Tower 2).
The agreement provides a framework for further negotiations towards a definitive agreement, SD Guthrie and Permodalan Darul Ta’zim said in a joint statement.
The earnings uplift stems from the sale of industrial land in Kulai by KLK’s wholly-owned subsidiary Aura Muhibbah Sdn Bhd (AMSB) to a joint venture with Mah Sing Group Bhd (KL:MAHSING), which Kenanga Research estimates will result in a one-off disposal gain of about RM77 million.
SunCon did not disclose further details on the awarding party or the project locations.
The centre is part of the Lenggong Valley Sustainable Community Development Programme, a capacity-building programme, initiated by Think City in 2023 with the support of Yayasan Hasanah, that focuses on strengthening awareness and understanding of Lenggong’s heritage.
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