KUALA LUMPUR (Jan 12): JAKS Resources Bhd (KL:JAKS) has agreed to sell its 100% stake in JAKS Solar Nibong Tebal (JSNT) to Sunview Group Bhd (KL:SUNVIEW) unit, Sunview Asset Management Sdn Bhd, for RM15 million in cash plus up to RM40 million owed by JSNT.
The earnings uplift stems from the sale of industrial land in Kulai by KLK’s wholly-owned subsidiary Aura Muhibbah Sdn Bhd (AMSB) to a joint venture with Mah Sing Group Bhd (KL:MAHSING), which Kenanga Research estimates will result in a one-off disposal gain of about RM77 million.
The decision was delivered in the case of Spatial Design Architects Sdn Bhd v Majlis Perbandaran Klang & Ors [2024] MLJU 3982, where the court found that any condition reserving submission rights exclusively for Registered Town Planners contravenes the Town and Country Planning Act 1976.
PLANMalaysia deputy director general (development) Saidin Lateh said the en-bloc approach practised in Singapore, Hong Kong and parts of Australia allows owners to collectively sell their properties and relocate.
This marks the first time a developer-led township has received Platinum recognition in a programme traditionally reserved for local councils and government agencies.
The proposed waiver amounts to shaving off RM30.
Nurul said many local issues stem from top-down planning methods that overlook on-the-ground realities.
“Mobility, emissions, and population data exist, but they’re scattered and not easily accessible.
“Technology can make our systems more efficient, but only our values can make them humane,” said Zaliha.
Beyond knowledge-sharing, Zahri said the programme aims to elevate public spaces as essential to a city’s social, economic, cultural, and environmental fabric.
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