The consortium came out to explain the variation of its proposal compared to certain requirements underlined by the state in its request for proposal were "best explained and clarified in a face-to-face meeting".
Cheah sold 50 million shares, reducing his direct stake in Sunway to 9.98% from 10.97% previously.
Elmina Logistics Hub is expected to be completed in the first half of 2025.
The project comprises 606 units of condominiums on Persiaran Semarak Api in Cyber 11.
Muhammad Yazurin, 49, will assume the role effective Jan 2.
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.
IJM Land Bhd’s Savvy serviced apartment development under the larger 16-acre (6.47-hectare) Riana Dutamas master plan in Segambut, Kuala Lumpur, has achieved a Qlassic score of 85%, according to a press statement on Monday.
Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.
AME Elite Consortium Bhd (KL:AME) eked out a tiny gain in net profit thanks mostly to lower tax expenses, though the property developer is still confident of better finances this fiscal year.
LBS Bina Group Bhd (KL:LBS) said that it is unlikely for the group to meet its internal sales target of RM1.8 billion this year, due to deferred launches caused by a lengthy approval process.
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