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The group also plans to launch a landed residential project and a mid-rise condominium by mid-2018.

Over the purchase of hotels in London and Sarawak

As strata living becomes our future.

MCT said Kenanga Investment Bank Bhd has been appointed as the independent adviser to advise the board and the company's minority shareholders on the offer.

At 9.05am, Ewein fell 1.5 sen to 43.5 sen with 477,800 shares done.

Allows the children of government pensioners to buy homes ranging from RM150,000 to RM300,000 for landed or strata unit.

The group said the High Court has granted an order sanctioning the proposed takeover exercise, which will see Goldis taking over the listing status of IGB Corp.

The collapse happened near the Cochrane MRT Station.

"Unless we are instructed otherwise by the court not to go on with it...if not, it will proceed."

The two hold high posts in companies involved in the project.