Berjaya Leisure Capital (Cayman) Ltd (BLCC) has received valid acceptances amounting to 39.43 million shares, representing a 22.23% stake, in Informatics Education Ltd (IEL) at the close of the cash offer by the Berjaya Land Bhd subsidiary.

The construction firm’s wholly owned subsidiary Sunway Construction Sdn Bhd entered into the contract with Yellowwood Properties Sdn Bhd on Dec 31, 2022.

However, the date of payment has yet to be decided.

Gamuda said these land acquisitions are synergistic to the group since they are located next to its existing 810-acre Gamuda Gardens township in north Sungai Buloh. 

The contract will span 39 months from May 5, 2023 to Aug 4, 2026.

The Malaysian Association of Tour and Travel Agents (Matta) has slammed calls by certain quarters to shut Malaysia's borders to tourists from China as "irrational and irresponsible" after the republic announced that it will resume outbound travel.

A lot of the companies are not registered with respective governing bodies while some misuse other designer's portfolio and claim that it belongs to them, while “some make ridiculous offers that are beyond the normal standards of practice”.

The new laws, which came into force on June 1, 2015, tightened the process of the segregation of the master title by the developer.

The Ministry of Local Government Development will establish a taskforce to tackle 381 “sick” private housing projects, it said in a statement on Friday (Dec 30).

The new government is supportive of the 50% stamp duty exemption given to first-time home buyers for the transfer of residential properties priced between RM500,000 and RM1 million, said Local Government Development Minister Nga Kor Ming.