News by theedgemarkets.com

There will also be an additional sum of RM50 million deposited by the buyer within three months of completion of the conditions of the agreement.

The agreement, which proposed AHSB to build 33 industrial lots with a gross development value of RM278.78 million, was mutually terminated by the pair.

There was a further recovery of property demand, ESG and M&A activities observed in 1Q2023, which served as the key driver in the KL office market. 

“The bench declines to answer the questions, and we unanimously dismiss the appeal,” Tengku Maimun said.

Harbour-Link said that the acquisition of the leasehold lands shall be satisfied entirely by cash via its internally generated funds.

Brem Holdings Bhd has ceased to be a substantial shareholder in Titijaya Land Bhd, after its 48.33%-owned unit Titi Kaya Sdn Bhd disposed of 7.7 million shares in the property developer.

So far, this is the largest group of plaintiffs suing ACE Holdings.

The construction engineering company has 12 months to regularise its financial condition, failing which trading in its securities could be suspended and it could be delisted from Bursa Malaysia. 

The Main Market-listed company failed to file its annual report by the April 30 deadline. 

It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall.