The decision to cancel the land deal was due to vendor Megan Mastika Sdn Bhd’s failure to fulfil conditions precedent despite extensions granted by Teladan's wholly owned unit Asal Harta Sdn Bhd, according to the property developer.
S P Setia chief operating officer Datuk Zaini Yusoff: “We have devoted our utmost passion and dedication in ensuring that the planning of townships results in self-sufficient and liveable places.
This freehold development in Section 17 Petaling Jaya has also been given a Quality Assessment System in Construction (QLASSIC) score of 85%.
According to RHB, the current expansion will see Mawar Medical Centre’s bed capacity increasing from 88 to 109 upon completion.
The expansion plans include the construction of a large new factory to accommodate growing production needs, Notion VTec said in a filing with Bursa Malaysia on Thursday.
“The escalation of the US$ against ringgit Malaysia and the increase of interest rates from 4% to 11% had warranted the company to negotiate a restructuring of the loan with Exim Bank,” Bina Puri said in a filing.
SGX's regulator, Singapore Exchange Securities Trading Ltd, granted the extension and allowed NSL shares to trade on the bourse in the meantime, according to the conglomerate's filing on Bursa Malaysia on Wednesday.
When the three properties are fully leased, CLMT is expected to generate an annual gross rent of RM5.
The company previously said the land “presents a strategic opportunity” for long-term value growth.
DONE DEAL: Residential land, Damansara Heights, Kuala Lumpur DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur Although Desa ParkCity is pretty mature for a township, potential homebuyers and investors can look forward to new developments, with approximately 23.
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