Earlier this month, Kuchai announced that the disposal of its assets and liabilities to Sungei Bagan had been revised lower due to the state authority’s rejection of a land transfer in Semenyih from Kuchai to Sungei Bagan.
The development presents an opportunity for Fajarbaru to expand its business activities in Penang, and not limited to the development of Medi-City.
It added that the industrial park would complement its proposed development of the smart AI container port project in Negeri Sembilan.
While we don’t disagree with paying taxes on money made and even money spent (in the form of GST), paying taxes on things we own that we have already paid taxes on with already taxed money would be a SCAM.
The success of TODs in Malaysia hinges on coordinated planning, strong local authority involvement, and effective partnerships between stakeholders.
BCB said it has signed four sale and purchase agreements with Country Green Realty Sdn Bhd for the acquisition, according to its bourse filing on Monday.
The company is in the midst of conducting feasibility studies to expand or replenish its landbank for future developments in Selangor, Penang, Kedah, Melaka and Johor, SPB said in the draft prospectus.
The exercise, which is expected to be completed by the first quarter of 2025, will reduce the group’s interest-bearing borrowings to RM171.
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