Hong Kong-listed Sino Haijing Holdings Ltd is investing RM280 million in Yong Tai Bhd under a corporate exercise and emerged as its new substantial shareholder with more than 33% of the voting rights.
As a wise property tycoon once said, “In danger lies opportunity”.
While the timeline for the initial public offering (IPO) has yet to be finalised, the sources said IWH is toying with the idea of a dual listing in Malaysia and Hong Kong.
MKH Bhd’s indirect subsidiary Amona Metro Development Sdn Bhd plans to acquire a 84% stake in Temara Pekeliling Sdn Bhd, the owner of a 1.5-acre (0.61ha) leasehold plot in Jalan Tun Razak, part of where the Pekeliling flats used to stand, for RM5 million.
Ipoh Mayor Datuk Zamri Man said the new committee was formed to improve overall efficiency in dealing with public complaints and feedback.
The group entered into a sale and purchase agreement with Chong Khoon Lin Sdn Bhd to acquire the four adjoining parcels of freehold land with internally generated funds.
‘The Waves’ comprises serviced apartments, retail mall and hotel.
The strata market is diverging into two-tiers. Price growth has stalled in the higher-end segment that targets Singaporeans or Malaysians working in Singapore, due to oversupply. In the mass-market segment, average transacted prices continue to grow.
Chief Minister Lim Guan Eng said the state government would be informing the people of the procedures, time and place to access the documents beginning this Thursday.
Residents of Bukit Indah benefit from the direct bus from the Bukit Indah Bus Interchange to Jurong East and Boon Lay MRT stations in Singapore.
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