Ekovest Bhd, which has completed the sale of a 40% stake in the Duta-Ulu Kelang Expressway (DUKE) concession to the Employees Provident Fund (EPF), will be paying a 25 sen special dividend to shareholders.
The developer of Bukit Bintang City Centre (BBCC) is unfazed by the office supply glut that is haunting the Klang Valley property market now, saying the RM8.7 billion integrated development is still getting a substantial amount of interest from potential investors or owners.
Jaafar, 62, was the founder and principal shareholder of the Hektar Group of companies and provided leadership for the overall strategic direction of the group.
Farm’s Best said it had entered into nine agreements with CAB Cakaran for the disposal of 49 parcels of land located in Negeri Sembilan, Melaka and Johor.
Under the bilateral agreement entered into between Malaysia and Singapore in early December last year, the HSR project is going to be developed through a three-tier model.
Cash-strapped agency hopes to raise over RM500m from sale of London hotel.
Aside from China, Japan and South Korea are the two other countries that expressed keen interest in the project.
The property in the prime industrial hub of Shah Alam is predominantly occupied by established multinationals, logistics and manufacturing companies.
The announcement came after The Edge weekly’s report on Monday, citing unnamed sources, saying Paramount is disposing of its education arm’s assets to a private real estate investment trust (REIT) as part of its asset-light strategy.
OCR said the MoU will pave the way for the two parties to establish a basis of cooperation and collaboration in building two in-campus students accommodation by way of build-operate-transfer concept for 4,200 students.
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