MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.
The bank filed the suit in February, and had on April 18 applied to amend its statement of claim to include Kee’s estate.
The company is also seeking a restraining order to prevent legal action being taken against the company “to allow the company the necessary breathing space" to come out with the scheme of arrangement.
The High Court at the same time dismissed Damai City’s application to set aside and stay the adjudication award.
WCE said the term loan facility will be used to part-finance costs and expenses associated with the West Coast Expressway project.
The jump was driven by stronger performance from its malls and newly acquired assets — D'Pulze Shopping Centre in Cyberjaya, TF Value in Perak and industrial asset CR35.
Astino’s wholly-owned unit Astino (M) Colour Steel Sheets Sdn Bhd inked a sale and purchase agreement with various vendors for the deal.
The new centre will occupy two floors and provide 637 workstations, three meeting rooms, 31 co-working desks, a business lounge and customisable open space designed for businesses of all sizes.
It had issued a formal letter to notify Fong of the extension, and would announce any further developments as necessary.
Maybank Investment Bank, CGS International and AmInvestment Bank will jointly underwrite the entire retail portion of Paradigm Real Estate Investment Trust’s (REIT) initial public offering, covering up to 254.66 million units as it prepares to list on the Main Market.
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