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According to CapitaLand Malaysia Trust, Yong has more than 28 years of experience in banking including project financing, consultancy and real estate industry including fund management for real estate.

Pestech is disputing the claimed amounts.

Aizo said the project in Jalan Pantai Dalam includes a 37-storey tower with 440 residential units, a 38-storey tower with 452 units, and a 37-storey tower with 440 units.

The project will be fully funded by Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, through an investment-recovery model, without the need for government guarantees, Transport Minister Anthony Loke noted.

In a bourse filing on Tuesday, SEB said the counterclaim was filed by CN Eleco Engineering Sdn Bhd in a follow-up to the original suit filed by MIE Industrial Sdn Bhd, a majority shareholder of SEB with a 69.

Hartanah Kenyalang is involved in construction services targeting institutional buildings such as schools and other public buildings, as well as infrastructure focusing on bridges and roads.

The construction and property development outfit revealed that its withdrawal as the developer of the project was due to a change in the requirements made by Perbadanan Putrajaya.

In a bourse filing, KTI said the sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting from Nov 25.

Minister of Economy Rafizi Ramli: "What we want to avoid is Malaysia continuing to attract data centres, but are not able to get into the data centre value chain and supply chain.

The counter opened at RM1 and at one point rose as much as 48.