Its Group Managing Director and CEO Dr Gordon Loke said a sum of RM20.7 million of the proceeds will be allocated for general working capital requirements for its flagship project, The Logg.
“This milestone achievement is such a great way to mark this year, to celebrate the launching of our IPO Prospectus on our 40th anniversary, ahead of becoming Malaysia’s next publicly listed company,” he said. This means more job opportunities, increased disposable income, higher business earnings and expansions of businesses, all drivers of demand for both residential and commercial properties in Sabah,” he said.
The land, measuring 26.3 acres will be developed into high-rise residential properties in multiple phases until 2028, with an estimated GDV of about RM873.1 million. The Company’s notable projects include among others; Taman Wawasan in Beaufort, Taman La Gloxinia in Papar, Taman Seri Lemawang in Tuaran as well as Taman Nelly, Taman Lavender and The Logg in Kota Kinabalu.
Source: News Formal (newsformal.com)
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