Tuesday 10 May 2016

Majestic Development Sdn Bhd and Univas Sdn Bhd agree to extend completion period of Semenyih land buy

In July 2014, Eco Majestic Development had entered into a share sale agreement to acquire 199.37 hectares in Beranang, Semenyih for RM225.33 million from Univas (Far East) Sdn Bhd. Both parties have agreed to extend the completion period to three month from a month previously upon the expiry of the completion period.

(iProperty, 21/04/2016)

Compugates unit to dispose of Dengkil land

Compugates Holdings Bhd’s 70%-owned subsidiary of Compugates Development and Mining Sdn Bhd plans to dispose of a 25.09 ha of agriculture land in Dengkil, Selangor to Bangsawan Bumimaju Sdn Bhd for RM62.12 million.

(The edge property, 22/04/2016)

Monday 9 May 2016

EPF to buy 80% of MRCB’s ‘exchange’ land in privatisation of Bukit Jalil sports complex

The Employees Provident Fund (EPF) has offered to acquire 80% interest in ‘exchange’ land that Malaysian Resources Corp Bhd (MRCB) will be receiving under the National Sports Complex privatisation project for RM421.5 million. The remaining 20% will be hold by MRCB. The three parcels of leasehold ‘exchange land’ totalling 37.4 ha, make up the RM1.632 billion consideration for the proposed privatisation job undertaken by MRCB to refurbish and upgrade facilities at the National Sports Complex.

(The edge property, 25/04/2016)