"The lender (Lee) has gratuitously agreed to the extension in the best interest of the company after taking into consideration the financial obligations of the company," said Country Heights in a filing with Bursa Malaysia yesterday.
The PTMP is expected to kick off the first phase of development involving reclamation, light rail transit and the highway in the first quarter of 2018 following the approvals from the federal government.
House prices in China’s top tier cities have recorded an average annual growth of 31.8%, occupying the top eight spots of Knight Frank’s Global Residential Cities Index, said international real estate firm Knight Frank LLP.
MBSB said it plans to negotiate with the existing shareholders of AFB, namely Qatar Islamic Bank, RUSB Investment Bank Inc, Tadhamon International Islamic Bank and Financial Assets Bahrain WLL.
The development was initially proposed by Tanah Makmur in 2014, to the Pahang government to be incorporated into the KotaSAS township.
Sunway Velocity Mall has net lettable area of 880,000 sq ft, while the secured occupancy rate stood at 90%.
The group said the decline was partly mitigated by correspondingly higher profit of the hotel and resort business arising from higher revenue as well as higher share of profit from associated companies, including Berjaya Kyoto Development (S) Ltd.
There are 573 double-storey terraced houses in phase 1 of Kundang Estates, with built-ups ranging from 1,733 to 2,434 sq ft. Prices start from RM570,000.
O&C Resources Bhd shares jumped 3.75% this morning after its 34.3%-owned indirect subsidiary, AES Builders Sdn Bhd, was appointed by Perbadanan PR1MA Malaysia (PR1MA) to carry out the design, planning, procurement, construction and completion of a project in Bukit Jalil.
Gamuda Bhd’s annualised first quarter of financial year 2017 (1QFY2017) core net profits made up 89% of our full-year forecast and 91% of the consensus.
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