PETALING JAYA: The Penang Development Corp (PDC) will refund the deposit paid by Umech Land Sdn Bhd amounting to RM64.60mil, following the former’s termination of the joint development agreement (JDA) for the proposed development of Batu Kawan Industrial Park 2 (BKIP2).
In a filing with Bursa Malaysia, Sunway Bhd
said its 70%-owned subsidiary Umech Land had received the notice of termination of the JDA from PDC.
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