Astral’s talks on Nilai project fall through


KUALA LUMPUR: Astral Supreme Bhd’s negotiation with S Wira Development Sdn Bhd (SWD) to undertake the joint development of shoplots on 6.7 acres in Nilai, Negri Sembilan, with an estimated gross development value of RM89.58mil, has fallen through.

In a filing with Bursa Malaysia, the property development and construction company said that SWD had terminated the letter of expression of interest with its unit Astral Supreme Development Sdn Bhd for the proposed joint venture (JV).

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

World markets jolted, dollar dips as Trump vows tariffs on Europe over Greenland
Oil prices steady as ebbing Iranian protests lower chance of US attack
Foreign funds log second straight week of net inflows of RM716.1mil
Ringgit opens higher against greenback on better-than-expected 4Q GDP estimates
FBM KLCI slips on profit-taking as US-EU geopolitical tension escalates
Trading ideas: Binastra, Capital A, Allianz, MN, Vestland, Genting Plantations, YTL Cement, Pimpinan Ehsan, TH Plantations, Marine & General, FGV, SumiSaujana
Press Metal earnings outlook bright thanks to hedging
EU set to halt approval for trade deal with the US�
If I were an ageing oil palm tree
Hurdles in DBS’ Alliance Bank bid

Others Also Read