Sarawak Consolidated Industries Bhd (SCIB) signed an agreement with Indonesian mass rapid transit (MRT) operator PT MRT Jakarta (Perseroda) Tbk to explore potential partnership to develop transport-orientated development (TOD) in Jakarta.

Noteworthy:

• Freehold
• Built-up size: 7,000 sq ft
• Land size: N/A
• Unfurnished
• Nearby amenities: Convenience stores, schools, F&B outlets, Mydin Mall, Ecohill Mall
• Accessibility: Kajang-Seremban highway

When: December 2022

The 30-year lease on the buildings to KYSA Education Sdn Bhd, which started on June 22, will be novated to MTrustee upon completion of the deal via a deed of novation between the lessee, trustee and vendor.

“A new rental tenancy regulation will be introduced to promote rental as an alternative to home ownership.”

UEM Sunrise’s indirect unit Mega Legacy (M) Sdn Bhd (MLSB) is selling the land to Pembinaan Kery Sdn Bhd (PKSB), a unit of Melati Ehsan Holdings Bhd.

An ongoing dispute initiated by Tan Sri Jamaludin Jarjis’ widow Puan Sri Dr Kalsom Ismail for the late minister’s RM2.1 billion estate will go to trial, after settlement talks initiated in November last year failed to materialise.

Eastern & Oriental Bhd (E&O) saw its executive chairman and executive director increase their stake in the group with the conversion of irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares.

ECM Libra Group Bhd is to acquire two pieces of beachfront land in Johor for an aggregate RM36.86 million for future hospitality developments.