News about project

The proposed MLFF system is estimated to cost RM3.

In line with the development of the GTP project, Nextgreen expects its working capital requirement to increase, adding that the group intends to allocate the balance of the proceeds for working capital.

The group’s construction and property earnings grew 35% to RM195 million in 1QFY2024, compared with 1QFY2023’s earnings of RM145 million.

“The ministry has also taken action to freeze 20 housing development accounts (HDA) for projects in the sick category.

Current solutions of EOT for developers and LAD for homebuyers are in place, but the issue of “sick” housing projects not only persists but continues to rise.

“Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.

The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.

In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.

The development will span over 100 acres of leasehold land and be developed in five phases over seven years.

Azli Adam, 58, said the conversation took place at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya in January 2018, in the interrogation room.