Parkway Life REIT to divest Malaysian property for RM20m
The property spans 2,444 sq m and has a freehold land tenure.
The property spans 2,444 sq m and has a freehold land tenure.
The company is also seeking a restraining order to prevent legal action being taken against the company “to allow the company the necessary breathing space" to come out with the scheme of arrangement.
The High Court at the same time dismissed Damai City’s application to set aside and stay the adjudication award.
He said the remaining 12 packages are under construction, with overall progress at 81.7%.
WCE said the term loan facility will be used to part-finance costs and expenses associated with the West Coast Expressway project.
The jump was driven by stronger performance from its malls and newly acquired assets — D'Pulze Shopping Centre in Cyberjaya, TF Value in Perak and industrial asset CR35.
Astino’s wholly-owned unit Astino (M) Colour Steel Sheets Sdn Bhd inked a sale and purchase agreement with various vendors for the deal.
The new centre will occupy two floors and provide 637 workstations, three meeting rooms, 31 co-working desks, a business lounge and customisable open space designed for businesses of all sizes.
In fact, Fahmi said the eviction notice issued by the Federal Land Commissioner should not be seen as an act of oppression, but rather a lawful procedure grounded in legal principles.
It had issued a formal letter to notify Fong of the extension, and would announce any further developments as necessary.