For context, IBTEC, which has a GDV of RM27 billion, is set to become a major circular city within the proposed Johor-Singapore Special Economic Zone in the southern region.
The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.
In a bourse filing, the group said the disposal of the land, located in Taman Mastiara, off Jalan Ipoh, presents an opportunity to generate cash flow for its development projects.
The expansion adds 17,500 sq ft to the existing 15,000 sq ft space, bringing the total size of the co-working space to 32,500 sq ft.
Paragon Globe said its wholly-owned subsidiary, PGB Desa Heights Sdn Bhd, inked a development rights agreement with Tropicana Danga Bay Sdn Bhd, a 60%-owned indirect unit of Tropicana Corp Bhd (KL:TROP).
DONE DEAL: Factory, Petaling Jaya, Selangor DONE DEAL: Bungalow, Kampong Datuk Keramat, Kuala Lumpur We all know Bukit Damansara as a low residential density area, but it also has a low plot ratio of 2.
The newly opened facility, which was completed in 2023, is twice the size of Insulet’s highly automated manufacturing facility in Acton, Massachusetts, which is where the company is headquartered.
The Rapid DRT service was launched in Penang on Aug 1, with one route using two vans.
“By linking this sukuk wakalah to specific sustainability targets, we are taking a bold step forward by ensuring that our financial activities support our business goals while contributing positively to environmental and social objectives,” Teo said.
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