The REIT said the issue price represents a discount of approximately 9.5% to the volume weighted average price of the units for the five market days up to and including April 3 of RM1.3254 per unit.
... alleging that over 20 parties comprising companies and individuals acting in concert have accumulated more than 33% equity stake without making a mandatory general offer.
Leong stated that the collaboration with CECC will help Chinese investors understand Malaysia’s real estate and manufacturing industry as well as the government’s policies better.
The MOU is part of China’s RM170 billion foreign direct investment commitments secured by Malaysia in conjunction with Prime Minister Datuk Seri Anwar Ibrahim’s visit to China last week.
SIAB Holdings Bhd and Yong Tai Bhd have mutually agreed in principle to terminate two condominium projects belonging to Yong Tai on Jalan U-Thant here, and in Melaka, with a combined outstanding contract value of RM190.48 million.
Pangsapuri Saujana Indah will be spread across a 2.6-acre freehold tract comprising two 37-storey towers.
With a gross development value of RM128 million, Sunway Dora comprises 156 condominium units and 22 commercial shops.
The property in question in the long-standing dispute that started in the 1960s covers 263.72 acres.
Gamuda's wholly owned Gamuda Land (Labuan) Ltd holds a 75% stake in VB II, while Castleforge’s wholly-owned partnership entity Athelstan Ltd owns the remaining 25%.
The JV company will develop the Graha Mustika Tamansari township in Bekasi, Greater Jakarta.
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