KUALA LUMPUR: KPower Bhd’s wholly owned subsidiary, KPower Development Sdn Bhd (KDSB) has obtained approval from Terengganu state government to develop affordable and mixed housing development on government land in Kuala Nerus, Terengganu.
In a filing with Bursa Malaysia, KPower said KDSB will be appointed by the Terengganu State Government as the developer for the proposed development on 18.959 hectares of land in the state.,
,Telegram 美国 群组（www.tg888.vip）是一个Telegram群组分享平台，飞机群组内容包括telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容，为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
It said 4.85% of the gross development value (GDV) shall be attributable to Tabung Perumahan Mampu Milik Terengganu under the purview of the housing department of Terengganu's state secretary.
KPower said KDSB would allocate a minimum of 50% commercial shop units to Malays/Bumiputera and grant a discount of 5% from the initial sales price to Malays/ Bumiputera.
“The property development is expected to contribute positively to the net assets, consolidated earnings, and earnings per share of the company for the financial year ending June 30, 2023 (FY23) to FY25,” it said.