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c) On 24 February 2015, Layar Raya Sdn Bhd (“LRSB”), a wholly owned subsidiary company, had received a notice from the Land Administrator (“State Admin”) in relation to the compulsory acquisition of a portion of freehold land held under Lot 4294 and Lot 4295 measuring 9,590 square meters and 4,113 square meters respectively, both located within Mukim of Cheras, District of Ulu Langat, Selangor Darul Ehsan. On 21 May 2015, LRSB had received a letter from the State Admin offering a compensation of RM3,151,690 for the said portion of land to be acquired and compensation for injurious affection of RM737,311. On 26 June 2015, LRSB objected to the amount of compensation and has lodged an objection with the State Admin.
At the case management on 29 September 2016, the High Court directed the parties to submit additional documents. On 12 October 2016, LRSB submitted closing submissions. The High Court allowed the State Admin to postpone for submission of addition documents, which LRSB objected. The High Court fixed the matter for mention on 3 November 2016.
During the financial year, LRSB has recognised the gain and compensation fees arising from the compulsory acquisition of land by the State Admin amounting to RM1,655,036 and RM737,311 (Note 8) respectively in the profit or loss.
Lot 4294 & 4295 affected by EKVE I supposed. 2 out of 7 plot of lands affected.
A bit disappointed, this is GOB who run the show not Malton, imagine mini Pavilion Sg Long
This post has been edited by Palmwalker001: Aug 29 2017, 04:47 PM
Aug 29 2017, 04:42 PM
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