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The group’s wholly owned subsidiary SCIB Properties Sdn Bhd inked the MOU with Kemena City Development Sdn Bhd and Smart Borneo Properties Sdn Bhd.

CapitaLand Malaysia said the facility marks its largest loan facility to-date and is linked to the sustainability performance targets of Queensbay Mall.

Separately, SCIB announced a slew of changes in its boardroom, including the resignation of independent and non-executive directors Shamsul Anuar Ahamad Ibrahim and Toh Beng Suan, to be replaced by Datuk Tan Bok Koon (independent and non-executive director) and Chiew Jong Wei (executive director).

DONE DEAL: Condominium, Seringin Residences, Kuala Lumpur DONE DEAL: Terrace house, Rymba Gardens Jade Hills, Selangor Situated at Jalan Hujan Emas, a charming thoroughfare nestled in Jalan Klang Lama, is a street that beckons with a unique blend of tranquillity and urban allure.

The addition of sustainability disclosures on the digital platform would allow for more standardised reporting and communication of such information, which is currently found in PLCs’ sustainability reports.

SCIB acknowledged that the late submission of its Annual Report 2021 was primarily due to complexities in auditing overseas construction contracts.

The development comprises 24 units of smart medium industrial factories with an estimated gross development value (GDV) of RM42 million, said PJBumi in a filing with Bursa Malaysia on Wednesday.

The hypermarket has a development cost of RM42 million and will have a built-up area of 64,066 sq ft and 185 surface parking on a 4.

Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.

Under the JV, Perak Corp will be entitled to a revenue share of 35% based on the net development value while Advancecon will be entitled to 65%.