The group, which lodged the Sukuk Wakalah Programme with the Securities Commission Malaysia on Wednesday, said proceeds from the issuance of the sukuk will be used to finance and reimburse capital expenditure.
Aizo said the project in Jalan Pantai Dalam includes a 37-storey tower with 440 residential units, a 38-storey tower with 452 units, and a 37-storey tower with 440 units.
DONE DEAL: Terrace house, Taman Puchong Perdana, Puchong, Selangor DONE DEAL: Condo unit, The Troika, Persiaran KLCC, Kuala Lumpur Kawasan 18 is a business hub in Klang, Selangor, with 57.
The project will be fully funded by Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, through an investment-recovery model, without the need for government guarantees, Transport Minister Anthony Loke noted.
In a bourse filing on Tuesday, SEB said the counterclaim was filed by CN Eleco Engineering Sdn Bhd in a follow-up to the original suit filed by MIE Industrial Sdn Bhd, a majority shareholder of SEB with a 69.
Hartanah Kenyalang is involved in construction services targeting institutional buildings such as schools and other public buildings, as well as infrastructure focusing on bridges and roads.
The company said it will focus on the timely completion of its on-going development projects, monetisation of its inventories and prudent financial management to navigate the evolving market environment.
Atlan had previously announced in October that two lands belonging to its two indirect wholly-owned units — Cergasjaya Sdn Bhd and Cergasjaya Properties Sdn Bhd (CPPA) — had received notices for the compulsory acquisition of two pieces of land in Bukit Kayu Hitam.
Construction is expected to commence in 2025 and take seven years to complete.
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