In a research note, TA noted that the proposed disposal for RM52 million translates into a premium of 4% over the property’s market value, and would result in a net gain of RM400,000 for the group.
For both MOUs, Pavilion REIT noted that a corporate green power agreement (CGPA) is to be executed within 60 days of approval from the Energy Commission to participate in the CGPP.
Bursa Securities in a query asked Lion Industries five questions, including the reason for the estimated expenses for the disposal at RM22.
The REIT said the suit against Yongnam Engineering Sdn Bhd (YESB) was filed by its trustee, RHB Trustees Bhd, at the High Court in Johor Bahru on Tuesday.
DONE DEAL: Semi-detached house, Cheras, Kuala Lumpur DONE DEAL: Bungalow, Nilai, Seremban Situated in the township of Kajang, Selangor, the property is surrounded by many conveniences.
“Polygon Properties is a company with a high adaptation level and that never stops learning.
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Jangkaan yang tidak sepadan antara unit tunjuk dan unit sebenar telah menjadi tanah subur untuk perselisihan antara pembangun dan pembeli.
St Giles Boulevard, which is part of the Mid Valley City mixed-use integrated development in Kuala Lumpur, is 28 storeys high and comprises 390 rooms.
Following the EV charging stations effort, other potential “upgrades” as part of the Sustainable Community Living are solar energy panels, artificial intelligent (AI) face recognition system, virtual fencing, autonomous cleaning robots, car plate recognition software, and sensor lighting.
Lion Industries said the disposal, which is part of the group’s strategy to divest its non-core assets, will allow the group to realise its investment in the land sold with a pro forma net gain of RM57.
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