The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.
The anti-graft agency said in a statement on Friday that the notices—issued on July 10—are “for the purpose of tracing and verifying asset ownership”.
In a filing with Bursa Malaysia, the REIT said its trustee, MTrustee Bhd, is purchasing the land located in the Durian Tunggal sub-district from KYS College Sdn Bhd.
The group on Friday inked an agreement with Ipoh Sentral Sdn Bhd (ISSB), following the memorandum of agreement signed between the parties in January, according to a bourse filing.
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Established in 1976, Subang Jaya today is a mature and vibrant city with a thriving population of more than 950,000.
28 Mont’Kiara, Kuala Lumpur condo unit sold for RM1.
Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.
The property includes a two-storey factory, a three-storey office block, a two-storey warehouse, and a guardhouse, situated on approximately 6,182 sq m of land.
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This marks the second land acquisition involving Avaland and Tan Chong Group this month.
Taking the stand as part of court proceedings on assessing "mesne profits" that is to be paid out to Semantan Estate Sdn Bhd, Nurzahirah Umar said that zoning was one of nine factors she considered when determining the market value of the 263.
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