Majuperak sells back 51% stake in property developer after project fails to achieve sales target
Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.
Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.
Perak Corp acquired the land on Sept 23, 2013 at the cost of RM2.
Datuk Seri Sundarajoo Somu: This is something I’ve always been very passionate about and I want to do it for one term, at least.
These were part of efforts to garner support for EdgePropSTART's featured projects – Curvo Residences by SkyWorld Development and The Era 2 by JKG Land.
Magna Prima said the disposal consideration of RM65 million was arrived at after taking into account the negative net current liabilities of RM68.
Fitters said that the disposal between its indirect wholly-owned subsidiary — Rasa Anggun Development Sdn Bhd — and Aikbee had been terminated due to Aikbee’s failure to pay the balance purchase price on or before the extended completion date.
The residential property market staged a strong rebound in 2022 with a 22.
The land is directly next to the LATAR Expressway or Kuala Lumpur-Kuala Selangor Expressway, and within one-hour reach to both KLIA and Port Klang.
While the termination of the controversial Petaling Jaya Dispersal (PJD) Link was welcomed by many Petaling Jaya residents and non-governmental organisations who have been calling for the project to be scrapped due to environmental and social concerns, Parti Pribumi Bersatu Malaysia (Bersatu), one of the main component parties of Perikatan Nasional (PN), has questioned the right of the caretaker Selangor government led by Menteri Besar Datuk Seri Amirudin Shari in making such an impactful decision ahead of the polls.
In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.