Ibraco to unveil RM1.5b mixed development in Kuching by 1Q18
Called Northbank, it will be located in the greater Tabuan area.
Called Northbank, it will be located in the greater Tabuan area.
It is already almost as tall as the Petronas Twin Towers.
The land is supposed to be for the Kuala Lumpur Vertical City (KLVC) development project which will comprise seven towers, including Felda’s KLVC Tower1A.
The losses were caused by the provision for impairment of balance of sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd (GMOC), which amounted to RM155.08 million.
MIDF Research analyst Jessica Low Jze Tieng said the sales of high-end houses would have been affected from January 2018 onward with the proposed hike in stamp duty.
It also seeks to diversify into construction, property development.
Malaysia is ranked 35th out of 153 countries in Forbes’ “Best Countries for Business 2018”.
Sunway said the proposed acquisition will enable it to penetrate and expand into the Sabah pavement market.
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
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