QUOTE(Unicorn27 @ Jan 5 2025, 10:16 AM)
I thought Gandang's project has been called off.
KUALA LUMPUR (April 30): Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.
The termination came after the builder-cum-property developer failed in its appeal to the Economic Planning Unit (EPU) — a unit within the Prime Minister's Department — for a waiver of the Bumiputera equity requirement to facilitate its acquisition of the Kwasa Damansara land, its bourse filing on Monday showed.

Nope. The called off is the acquisition of land. Now they revert to the original plan where EPF gives the development rights to Gadang to develop the land as per EPF’s timeline. KUALA LUMPUR (April 30): Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.
The termination came after the builder-cum-property developer failed in its appeal to the Economic Planning Unit (EPU) — a unit within the Prime Minister's Department — for a waiver of the Bumiputera equity requirement to facilitate its acquisition of the Kwasa Damansara land, its bourse filing on Monday showed.

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Jan 5 2025, 12:45 PM

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