YNH Property's independent review reveals interconnected directors, shareholders in RM1.1b JV deals
The review also found that many JV companies shared common addresses and company secretaries.
The review also found that many JV companies shared common addresses and company secretaries.
The project, a joint venture with Belgium-based Port of Antwerp-Bruges International (PoABI), is designed to be a long-term, sustainable maritime and industrial hub that is centred on value-added and innovation-driven industries.
“Make sure that what is advertised is already in the sale and purchase agreement (SPA).
“If you have multiple phases, there are still some issues and grey areas that need to be addressed … We’re seriously looking into it with the government now, hoping that [the old act will be] overhauled to address these issues, especially those concerning strata management,” Tan said.
It said the tender encompasses the construction of a new terminal and renovation works for the existing terminal building, inclusive of local infrastructure works, building services, and interior design enhancements.
AmBank and Chin Hin said the strategic collaboration marks a significant milestone in advancing urban and infrastructure development in these regions.
As part of the proposed listing of Paradigm REIT, shareholders also approved the proposed disposal of three prime retail properties — Bukit Tinggi Shopping Centre (BTSC), Paradigm Mall Petaling Jaya (PMPJ) and Paradigm Mall Johor Bahru (PMJB) — to Paradigm REIT for RM2.
Damansara Heights home with great potential, sold | DONE DEAL Desa ParkCity condo with stunning views sold (Westside III) | DONE DEAL Plaza Damansara in Damansara Heights is a well-known commercial area with a mix of offices, shops, and places to eat.
The four properties are KIPMall Desa Coalfields in Kuala Selangor at RM62 million, the Lotus’s Indera Mahkota hypermarket in Kuantan at RM39 million, along with three units of double-storey shop offices worth RM12 million, and a double-storey commercial building worth RM5 million, also located in Kuantan.
“These people have been working at the tower for many years.