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IJM Corp Bhd is expected to inject its property development business into 70%-held subsidiary, RB Land Holdings Bhd.
Lebuhraya Kajang-Seremban Sdn Bhd (Lekas), a 50% associate company of IJM Corp Bhd, plans to raise RM1.75bil by selling Islamic bonds and loan stocks to fund the construction of a 44.3km toll highway that will connect Kajang, Semenyih and Seremban.
THE Government's decision to abolish real property gains tax (RPGT), after its application for 30 years, is a landmark event for the property sector.
Prime Minister Datuk Seri Abdullah Ahmad Badawi, who announced the scrapping of the real property gains tax (RPGT) from April 1, hopes the move would 'inject more excitement and dynamism to both the property and financial sectors.'
Expectations are running high that the Government may abolish the real property gains tax (RPGT) and announce the move at the three-day Invest Malaysia conference which starts tomorrow.