Singaporean MeGroup’s Malaysian unit acquires Balakong property for RM16.2 mil
The 99-year leasehold property is on industrial land that measures some 4,868 square metres (sq m).
The 99-year leasehold property is on industrial land that measures some 4,868 square metres (sq m).
“Our earnings recognition and future cash flow will be backed by our unbilled sales of RM1.
Datuk Chang Khim Wah, president & CEO of EcoWorld Malaysia: With the acquisition of the new land, we will be able to further grow our market share and cater to a wider range of industrial customers.
The 88-acre Tropicana Metropark township will also be home to the upscale supermarket Mercato.
The event, comprising a a 5km fun run, saw the participation of 1,000 running enthusiasts and families who enjoyed the “outdoors” at S P Setia's Aeropod mixed development.
Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.
Net proceeds of RM50.
The group has not undertaken any equity fund-raising exercise in the past 12 months.
Following the transaction, Morning Crest's stake in E&O is down to 3.
St Giles Boulevard, which is part of the Mid Valley City mixed-use integrated development in Kuala Lumpur, is 28 storeys high and comprises 390 rooms.