Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB
The solar farms for KIGIP will be owned and operated by SDP, as renewable energy has been identified as a key strategic pillar and revenue source for the group.
The solar farms for KIGIP will be owned and operated by SDP, as renewable energy has been identified as a key strategic pillar and revenue source for the group.
Bank Negara Malaysia resisted pressures to raise the overnight policy rate last November, and “we expect the same this week”, HSBC said.
Prime Minister Datuk Seri Anwar Ibrahim said he had asked Transport Minister Anthony Loke Siew Fook to expedite the ongoing construction of the airport.
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With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
The group also said it has issued a clarification to bondholders via Malaysian Trustee Bhd on the issue, as well as its mall sale proceeds, bond collateral and the appointment of a new auditor.
JRG chairman Tengku Datuk Abu Nirah has expressed his confidence that the development will be a catalyst for socio-economic growth in the East Coast region.
On transfer of the land to Eden's unit Stratavest Sdn Bhd (STV), Eden will pay ZESB the balance of the land value, net of the debt, that amounts to RM4.
OCR said that under the joint-venture (JV) agreement, the landowner, Lecca Properties (M) Sdn Bhd, stands to gain RM45 million for partnering with the developer.