PETALING JAYA: Ivory Properties Group Bhd said discussions on its agreement to revive the Plaza Rakyat project in Jalan Pudu were “in progress”, despite the Kuala Lumpur mayor announcing that a new contractor would be appointed.
In a Bursa Malaysia announcement, Ivory said discussions between Ivory Place Sdn Bhd and the receiver and manager appointed, Plaza Rakyat Sdn Bhd (PRSB), to extend the conditions precedent period of the acquisition and rehabilitation agreement were in progress.
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