The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila
PETALING JAYA: Shareholders of Priceworth International Bhd
have approved the proposed acquisition of Forest Management Unit 5 (FMU5), a sustainable forest management concession in Sabah for RM260mil which has been valued at RM433.8mil by an Independent Firm of Valuers.
During its EGM yesterday, shareholders approved the RM260mil acquisition by Priceworth’s wholly-owned subsidiary GSR Pte Ltd of Rumpun Capaian Sdn Bhd, which holds the timber extraction and replanting rights to FMU5 covering 88,820ha of commercial Class II forest in Sabah’s Trus Madi forest reserve.
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