Businessman Robert Tan offloads half his stake in Paragon Globe, ceases to be substantial shareholder
The filing did not indicate the value of the transaction or the identity of the buyer.
The filing did not indicate the value of the transaction or the identity of the buyer.
Chin Hin is acquiring the stakes in CSS Engineering & Construction Sdn Bhd (CEC) and Critical System Specialist Sdn Bhd (CSS) from two individuals, with total cash of RM26.
Comprising 101 units of freehold, double-storey terrace homes, Ferrous 3 will offer units with an open plan arrangement with integrated living, dining and kitchen areas.
SkyCity will be decorated with LED lights and complete with a 600-metre glass slide.
The state is offering undergraduate engineers salaries ranging from RM5,000 to RM6,000, while master's degree holders can expect to earn RM7,000, as it aims to secure the best talents for the local semiconductor industry.
Situated along Lorong Maarof, the developer said the two 57-storey towers is currently the tallest condo in Bangsar.
The deal is expected to generate a net profit of RM30.
Technology stocks on Bursa Malaysia have plummeted since Friday amid concerns over disappointing earnings of their global counterparts and design troubles of chips powering artificial intelligence.
“The completion of this land sale allows us to reallocate resources towards significant projects, reduce debt, and align with our asset-light strategy to enhance competitiveness," said S P Setia president and CEO, Datuk Choong Kai Wai.
Lamanda Chuping is a key initiative under the Perumahan Warga Felda programme, which was initiated by the government to address the growing demand for affordable homes among Felda’s second-generation families.