LSH Capital says former KL Tower operator’s lawsuit ‘without merit’, followed procurement process
"Our appointment was based on a legitimate government-led procurement process.
"Our appointment was based on a legitimate government-led procurement process.
The Johor-based property developer recorded a net profit of RM536.
The former operator of KL Tower — Menara Kuala Lumpur Sdn Bhd — and its parent Hydroshoppe Sdn Bhd are alleging contractual breaches and misconduct that led to the award of the concession to LSH Service Master.
Sales in its property segment rose 56% year-on-year to RM1.
Constructed and designed by Singaporean developer Meir Homes, the now-completed 2-storey GCB has an approximate floor area of 29,665 sq ft, with a 25m swimming pool and an 18-seat theatre, amongst other features.
The scope includes installing artificial intelligence-enabled closed-circuit camera systems and establishing a smart integrated operations centre.
High Court judge Datuk Amarjeet Singh also instructed the state government to provide the residents with the detailed design and alignment of the highway project, and instructed that all of these be disclosed in 30 days.
Ho has been Matrix Concepts' group MD since Sept 1, 2018.
"The expansion initiatives come at an opportune time, as the construction industry stands to benefit from government-led initiatives and spending, particularly in infrastructure development.