LBS Bina Group Bhd, through new subsidiary Seloka Sinaran Sdn Bhd (SSSB), will develop an integrated township on 638.2 acres in Dengkil, Selangor.
In a filing with Bursa Malaysia on Wednesday, LBS Bina said its unit LBS Bina Holdings Sdn Bhd had acquired 5% equity interest in SSSB for RM3.9mil, turning it into a 51% owned subsidiary of the group.
LBS Bina's subsidiary to develop township in Dengkil
Cerrado Tower A all snapped up upon launch
Mah Sing Group’s Cerrado Residential Suites Tower A saw all 404 units taken up during its launch at Southville City’s Sales Gallery and Show Village here over the weekend.
Cerrado is part of Mah Sing’s Southville City, a 428-acre freehold township comprising a total of seven phases with a gross development value (GDV) of RM11.1 billion.
OCR Land to launch The Pano by 3Q
OCR Land Holdings Sdn Bhd, formerly Ong Chong Realty Sdn Bhd, has been a low-key developer since its establishment almost 27 years ago. It hardly made news until it emerged in 2014 as a substantial shareholder in the then loss-making Takaso Resources Bhd — public-listed manufacturer and exporter of rubber and baby products.
Takaso Resources was subsequently renamed O&C Resources Bhd and it diversified into the construction and property sectors to boost its earnings.