"This is in line with our future plans to expand our business of property development in Melaka through acquisition of landbank for future projects that meet the demand of the residential property market in Melaka," the group said in a statement.
The rail developer has already issued requests for information (RFI) to industry players, as it intends to change the construction methods as well as entice the development of local technologies.
The purchase consideration comprises RM1.63 million cash and the issuance of 228.5 million new EcoFirst shares at 35 sen apiece or RM79.97 million, the group said in a statement.
Segi Astana Sdn Bhd, owned 70% by WCT, was ordered to pay the amount, based on the fixed monthly charges for chilled water for the cooling system of RM958,849 from May 2014 until September 2020.
Chan, 66, will take over from Datuk Low Keng Kok on April 1, following the announcement of Low’s resignation to pursue his personal interest, according to a bourse filing from the company
“Although the parties have continued to reassess and renegotiate the terms of the proposed acquisitions after the lapse of the conditional period on Feb 20, 2021, the parties were unable to reach an agreement to-date and have therefore decided to allow the sale and purchase agreements to lapse,” Ekovest said in a filing yesterday.
The MoH will purchase the imported finished products from PLS.
Inovatif Mewah is a concession business managing UiTM Seremban 3 campus in Negeri Sembilan
To further encourage domestic tourism, the government has extended the exemption for tourism tax and services tax for hotel accommodation until Dec 31, 2021. It has also announced entertainment duty exemption for entrance fees into entertainment premises including theme parks, stage performances, sports events and movie screenings within Federal Territories.
The tender for the project was issued by the Ministry of Housing and the Local Government.
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