PLB Engineering sells Penang land below valuation for RM48m
The properties, located in Jarak Atas within the Seberang Perai Utara district, span a total of 199.
The properties, located in Jarak Atas within the Seberang Perai Utara district, span a total of 199.
The project began on Friday and is expected to be completed by March 20, 2026, with a defect liability period lasting up to 27 months after the Certificate of Practical Completion is issued.
It accepted the letter of award from Gamuda Engineering for works covering mechanical, electrical, and plumbing (MEP) fit-out.
Gamuda said the deal reflects its shift toward being a full-service partner for hyperscale data centre developments.
“MEX II, as everyone is aware, is facing challenges in reaching completion.
Sunway REIT said the sale is part of Sunway REIT’s strategy to recycle assets.
The suit pertains to a conditional share sale-and-purchase agreement signed on Dec 22, 2023 under which Jiankun was to acquire 99.
It is the first time that the 678.
The properties are part of 24 properties that CIMB Bank has been leasing from EPF under a sale and leaseback agreement dated Dec 30, 2009, which is set to expire on June 30 this year.
The transaction, announced by Genting Malaysia on Friday via a bourse filing, will result in Empire Resorts becoming an indirect wholly owned subsidiary of Genting Malaysia, via Genting ER Ltd.