News about trial

The property, comprising a double-storey factory and single-storey office, is being sold by its wholly owned subsidiary Berjayapak Sdn Bhd to General Point Asset Sdn Bhd.

The pharmaceutical group said the purchases will be funded by proceeds raised through its regularisation plan, which is part of the group’s strategy to strengthen its logistics infrastructure and expand distribution capacity across the east coast of Peninsular Malaysia as well as Sabah and Sarawak.

The two leasehold parcels have a combined area of approximately 17,013 sq m and include two factory buildings which are fully occupied.

EBP 7 is 55% owned by Eco World Development Group Bhd (KL:ECOWLD), 30% by SD Guthrie, and 15% by Negeri Sembilan state agency NS Corporation.

Under the SPA, Pharmaniaga Logistics has already paid a 10% deposit of RM3 million, with the remaining RM27 million to be settled in installments as stipulated in the agreement.

Phase 1 will see BYD as the anchor investor at KLK TechPark with a 150-acre facility.

Nexus Industrial Hub is a freehold light industrial development located in Jawi, Nibong Tebal, Penang, within proximity to Sungai Bakap and the thriving Batu Kawan Industrial Park.

The property developer inked a conditional share sale agreement with the Yap brothers, executive chairman and managing director Datuk Seri Yap Ngan Choy and executive director Datuk Yap Fook Choy, to acquire the entire equity interest in NCT World Sdn Bhd.

In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800.

The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.