Yong Tai chief executive officer Boo Kuang Loon said the company will seek shareholder's approval for the corporate exercise at its forthcoming extraordinary general meeting (EGM) on Sept 1.
Ajiya Bhd will partner Sarawak-based IMAG Development & Construction Sdn Bhd (Imag) to develop a housing project to be awarded by Prima Corporation Malaysia (PR1MA).
Mah Sing Group Bhd launched its largest township development yet, at Meridin East in Masai, Johor, over the weekend.
“The understanding is that by December the two countries should have completed the negotiations.”
With lower volume and value of transactions recorded in the first half of 2016, the market outlook for high-end condominiums in Kuala Lumpur remains slow as buyers and investors continue to adopt a “wait-and-see” approach, said property consultancy firm Knight Frank Malaysia.
DBKL has approved a high plot ratio of 10 times for the project
The Greenway comprises 492 units of 4-bedroom 2-storey link homes with built-ups from 1,595 sq ft to 1,648 sq ft, with prices starting from RM357,000, it said.
The contract is for the construction of a 9-storey hotel and its adjoining 16-storey serviced apartment wing, which is scheduled for completion in two years.
MBSB said it had embarked on a "Closing the Gaps" exercise since 2010 to bridge its frameworks to be in line with banking standards and best practices.
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