KUALA LUMPUR, Jan 11 — TIME dotCom Bhd is acquiring a 13-storey freehold office building together with 95 car park bays known as Bangunan KWSP Changkat Raja Chulan for RM62 million cash.
In a Bursa Malaysia filing, TIME said the purchase will be made via its wholly-owned subsidiary AIMS Data Centre Sdn Bhd and that ADC has entered into a conditional sale and purchase agreement with Employees Provident Fund Board for the proposed acquisition.“Barring any unforeseen circumstances, and subject to fulfilment of the conditions precedent, the proposed acquisition is expected to be completed within three months from the unconditional date ,” it added.
EPF’s original cost of investment for the building was RM46.04 million in 1994. Its unaudited net book value as at November 30, 2021, was RM20.59 million, according to the Bursa filing. — Bernama
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Group submits memo to Najib’s over ‘one final EPF withdrawal’PETALING JAYA: The Malaysian Muslim Consumer Association (PPIM) is urging the Employees Provident Fund (EPF) to allow another round of withdrawal and ... Who would submit a memo to a convicted felon ?
Source: theSundaily - 🏆 25. / 51 Read more »
EPF records RM48.02b gross investment income for 9M 2021PETALING JAYA: The Employees Provident Fund (EPF) recorded RM48.02 billion total gross investment income for the nine months ended Sept 30, 2021 (9M 2... Kwsp akan perlu mutamadkan pengeluran 10k one off.jan ini
Source: theSundaily - 🏆 25. / 51 Read more »
YOURSAY | More confessions, this time from Malaysians'Nothing will change unless the education system is overhauled.'
Source: malaysiakini - 🏆 20. / 51 Read more »
Veteran coach Fatih Terim leaves Galatasaray for fourth timeANKARA (Reuters) - Galatasaray parted ways with veteran head coach Fatih Terim on Monday, the Istanbul club said, ending his fourth spell with the 22-times Turkey champions amid a disappointing season.
Source: staronline - 🏆 4. / 75 Read more »
Type 10 times faster with this 3D keyboard | Malay MailSAN FRANCISCO, Jan 11 ― American startup CharaChorder is on a mission to revolutionise keyboard input with its new, particularly innovative devices that can considerably accelerate typing speed. Its most innovative peripheral lets users reach up to 500 words per minute, which can be particularly...
Source: malaymail - 🏆 1. / 86 Read more »