Kencana Amanjaya Sdn Bhd is suing OCR’s 90%-owned subsidiary OCR Properties (Kuantan) Sdn Bhd relating to a residential project involving 979 terrace houses and 130 units of semi-detached houses in Kuantan.
DONE DEAL: Semi-detached, Old Klang Road, Federal Territory, Kuala Lumpur DONE DEAL: Shop, Chow Kit, Kuala Lumpur Situated in the commercial and residential enclave of Section 9, Shah Alam, Selangor, the guarded property is surrounded by factories and is nestled in a quiet and private area.
Bursa has the right to proceed to suspend the trading of the listed securities of IWCity and to de-list the company if IWCity fails to submit the regularisation plan before Sept 24, fails to obtain approval from any of the regulatory authorities necessary for the implementation of its regularisation plan or fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
“The company is waiting to receive and review the grounds of judgement of the Federal Court and shall seek legal advice as to its next course of action in relation to the joint development agreement and to assess the potential impact to the financials of Malton and its subsidiaries,” Malton said in a bourse filing.
The acquisition is part of the group’s strategy to expand its land bank and enhance its presence in the property market in Melaka, the manufacturer of rubber wood furniture and roof trusses said in a stock exchange filing.
Axis REIT’s manager is optimistic that in view of the satisfactory performance of the REIT’s existing property portfolio and its growth strategy to actively pursue quality investments, it will be able to maintain its current performance for FY2023.
DONE DEAL: Semi-detached, Old Klang Road, Federal Territory, Kuala Lumpur DONE DEAL: Shop, Chow Kit, Kuala Lumpur The Exchange 106 in Kuala Lumpur is one of Malaysia’s iconic skyscrapers housing smart and sustainable office spaces alongside other conveniences.
The main building works of the proposed development consist of two blocks of suite apartments comprising 1,236 units, together with a 9½-level podium for multilevel car parking with one level of semi-basement car parking, along with facilities for residents, an electric substation, refuse room and security guardhouse.
TwinPines Serviced Suites features 1,443 units in two towers, with built-ups ranging from 379 sq ft to 1,330 sq ft.
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