The termination of the land deal with Penang Development Corp (PDC) is expected to have limited financial implications to Sunway Bhd, says MIDF Research.
PETALING JAYA: The Penang Development Corp (PDC) will refund the deposit paid by Umech Land Sdn Bhd amounting to RM64.60mil, following the former’s termination of the joint development agreement (JDA) for the proposed development of Batu Kawan Industrial Park 2 (BKIP2).
KUALA LUMPUR, Oct 5 The market price of undeveloped freehold industrial land in the vicinity of the land acquired by Umech Land Sdn Bhd from Penang Development Corp (PDC) in.
KUALA LUMPUR: Stocks in focus on Friday include Sapura Energy, Kerjaya Prospek, Sunway, Kim Loong, Glomac, Gamuda, Hiap Teck, Pensonic and Jiankun, said Apex Research.
Food manufacturer Federal Oat Mills (FOM) Sdn Bhd has launched its RM135mil state-of-the-art facility, which can process 60,000 metric tonnes of oats annually, at Penang Science Park in Simpang Ampat.