Parkson’s HK-listed unit inks 15-year commercial space lease in China
The rental payable, including tax, under the tenancy agreement is 3.
The rental payable, including tax, under the tenancy agreement is 3.
The acquisition, initially announced in December 2022, was intended for the development of the Four Seasons Yokohama Harbour Edge project, consisting of a luxury hotel, upscale residences, an aquarium and retail outlets.
Kumpulan Jetson’s wholly owned unit Jetson Construction Sdn Bhd (JCSB) was awarded the job in July 2018 to build the main building and external works of four blocks of apartment, with the contract sum of RM88.
The upcoming Four Seasons Okinawa is located along the Sunset Strip, the western coast of the island.
The group is seeking a declaration that the shareholders' notices to remove the directors are defective and inconsistent with the law, specifically Kumpulan Jetson's constitutional rights.
They sought to remove the entire board, including chairman Tunku Nooruddin Tunku Shahabuddin, executive director (ED) Edward Ng Kah Jiun, non-executive directors Louise Paul a/l Joseph Paul, Hong Cheong Liang and Goh Rui Yee, according to Jetson’s stock exchange filing on Thursday.
The Rahmah Cement initiative, a collaboration between KPKT, the Cement and Concrete Association of Malaysia (C&CA) and private housing developers, was announced in April 2023, as a measure to reduce the burden of affordable housing development costs to reduce the cost of living for the people.
According to Kumpulan Jetson, the proposed SCR is to enhance the group’s credibility with bankers, customers, suppliers and investors due to an improved financial standing, as well as facilitate the declaration of dividends in the event the company has retained earnings in the future.
Kumpulan Jetson claimed that the number of shares held by certain requisitionists, namely Lee Yee Wee, Shaun Sai Wen Fei, Teo Chor Eng, Tey Giap Leong and Muhd Alamin Ramli, as at Dec 8, was wrongly stated in the notice.
The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.