MOF seeks to convert RM165m govt loan to UDA Holdings into equity
Details on the loan tenure and interest rates were not disclosed in the Dewan Rakyat's order paper.
Details on the loan tenure and interest rates were not disclosed in the Dewan Rakyat's order paper.
The originating summons also named Advancecon group chief executive officer (CEO) Datuk Phum Ang Kia as a defendant, Advancecon said.
Jointly developed with Temokin Holdings Sdn Bhd, Tropicana Miyu comprises 271 units with built-ups from 600 sq ft to 2,183 sq ft.
It said the funding issue has been resolved, and construction work was to have resumed in mid-February.
“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.
He joined Guocoland Group in 2011, after working with GL Ltd (now known as GuocoLeisure Ltd), which is owned by Hong Kong-listed Guoco Group Ltd.
The disposal will help to pare down bank borrowings and add working capital requirements for the group.
DONE DEAL: Shophouse, Damai Complex, Kuala Lumpur DONE DEAL: Warehouse, Jalan Bangi, Semenyih, Selangor Located in the affluent neighbourhood of Bukit Bandaraya, Bangsar, Kuala Lumpur, the property is surrounded by fine shopping areas, restaurants and many other conveniences.
SDP group managing director Datuk Azmir Merican, in a statement, said the group successfully delivered 1,855 units of products to its customers in FY2022 while being affected with labour-related challenges and escalating material prices.
The increase in the revenue was mainly attributed by higher progress billings across key projects in the Klang Valley and Southern Region as well as higher property sales achieved during the financial period ended Dec 31, 2022.