Timeframe extension for unit

Posted on | May 10, 2011

By THE STAR

PETALING JAYA: Ho Hup Construction Co Bhd’s unit has extended the timeframe for the conditions precedent to the proposed disposal of its 3.32-acre freehold land in Bukit Jalil.

In a statement to Bursa Malaysia yesterday, it said that its 70%-owned subsidiary Bukit Jalil Development Sdn Bhd and Bayu Melati Sdn Bhd had mutually agreed to the timeframe extension to up to May 20.

Ho Hup gained its shareholders’ approval for the land disposal for RM9.55mil cash to the unit of Melati Ehsan Holdings Bhd in February. The proposed disposal was part of the company’s exercise to dispose of all non-core land bank.

- Malaysia Property News

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