Agreements have been signed for Matrix to acquire a 50% stake in Horizon L&L Sdn Bhd, the entire equity stake in Exoland Property Management Sdn Bhd, and 30% of Horizon L&L (SEL) Sdn Bhd for RM77.9 million cash.

The properties, each consisting of a three-storey shopoffice building with a land area of approximately 163 sq m, have an audited net book value of RM1.77 million each as of Dec 31, 2023. 

Castaldi joined Sunway in 2017 as general manager of The Banjaran Hotsprings Retreat.

Nga indicated that there are only 594 licensed firms practising property management, serving 2.91 million strata units in the country. 

The job could produce about RM29 million net profit over the next three years based on its usual margins, analysts said.

The police report was filed on April 1, as LSHSM was unable to take over the operations of the iconic tower from Hydroshoppe and its subsidiary MKLSB,

During the suspension period, executive deputy chairman Datuk Paduka Ammar Shaikh Mahmood Naim will assume full authority over the company's operational and managerial matters,

Law Tuan Hai, 62, was alleged to have cheated Chong Kah Khen, 54, into believing that he was the registered owner of the land in a purchase deal by Leong Chong Kuam, 38, Leong Chong Seng, 46, and Wong Kim Lan, 78, prompting them to make a payment totalling RM2 million into a bank account registered in his (Law’s) name.

Housing and Local Government Minister Nga Kor Ming will meet with Prime Minister Datuk Seri Anwar Ibrahim on Monday to discuss the best formula to help victims of the fire and gas pipe explosion in Putra Heights.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Monday that it has secured a contract worth RM291.43 million for construction works in Pulau Andaman, Penang.