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Ambrin, 74, joined Gamuda’s board in September 2018 as the construction giant’s independent non-executive director.

Sedimi Property Development is 30% owned by Tech Max Construction Sdn Bhd, 20% by Lim Chee Ling, 15% each by Chen Kim Lon, Ee Cao Xian and Ng Chee How, and 5% by Shariffah Maznee Noor Osman.

They include acquisition of land banks and companies, investments, project development and infrastructure costs, capital and general expenditures, as well as refinancing of Islamic financing and outstanding loan facilities.

At the time, Perak Transit said the agreement was in line with its strategy to pursue new opportunities to increase its revenue stream, and to diversify its earnings base and reduce dependency on its existing business.

The group had issued a letter of withdrawal to Kencana Healthcare Sdn Bhd, and it was accepted on Thursday (Jan 26), said SCIB in a statement on Friday.

In a research note on Friday (Jan 27), RHB stated that the new Budget 2023 could see a downward revision or reallocation of the previously budgeted RM95 billion development expenditure, while the sizeable Borneo block n the unity government will have positive implications for higher revised expenditure for Sarawak and Sabah.

The group said its wholly-owned unit Star Acres Sdn Bhd is planning to acquire 7.

Arika will have 668 units of “various practical layouts available to promote a lively community”, and 26 commercial units.

Organised by the Malaysian Institute of Planners, MIPPEA acknowledges works and projects which contribute to transforming cities, spaces, communities and the environment.

The disposal is expected to garner RM24 million in proceeds after settling the charge on the property and costs incurred for the sale, Kumpulan Jetson said in a bourse filing.