Ho Hup unit gets winding-up petition from IRB over RM24 mil tax arrears
Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.
Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.
The property includes a two-storey factory, a three-storey office block, a two-storey warehouse, and a guardhouse, situated on approximately 6,182 sq m of land.
This marks the second land acquisition involving Avaland and Tan Chong Group this month.
Taking the stand as part of court proceedings on assessing "mesne profits" that is to be paid out to Semantan Estate Sdn Bhd, Nurzahirah Umar said that zoning was one of nine factors she considered when determining the market value of the 263.
Among the analysed projects, six have median asking rental prices that mostly fall under RM2,000–RM4,000, while three projects feature median asking rental prices ranging RM6,001–RM8,000.
ERAT has a gross development value of RM173.
Growing market interest for Kitacon project developments could be reflected by a tenderbook of RM913 million (17% industrial and 83% residential projects) as of June 23, 2025.
Malaysian REITs would still leverage on robust domestic spending, lower bond yields and active inorganic growth strategies, according to RHB Investment Bank Bhd.
According to AZRB's bourse filing, Giga Engineering is claiming that its wholly owned Ahmad Zaki Sdn Bhd (AZSB) had failed to settle the sum, which led to the initiation of the winding-up proceedings.
Ang said the initiative fits the group’s mission of building sustainable, liveable townships that go beyond physical development.