KUALA LUMPUR: KPower Bhd’s wholly owned subsidiary, KPower Development Sdn Bhd (KDSB) has obtained approval from Terengganu state government to develop affordable and mixed housing development on government land in Kuala Nerus, Terengganu.
In a filing with Bursa Malaysia, KPower said KDSB will be appointed by the Terengganu State Government as the developer for the proposed development on 18.959 hectares of land in the state.,,足球投注app（www.hg108.vip）是皇冠体育官网线上直营平台。足球投注app面向亚太地区招募代理，开放皇冠信用网代理申请、皇冠现金网代理会员开户等业务。足球投注app可下载皇冠官方APP，皇冠APP包括皇冠体育最新代理登录线路、皇冠体育最新会员登录线路。
It said 4.85% of the gross development value (GDV) shall be attributable to Tabung Perumahan Mampu Milik Terengganu under the purview of the housing department of Terengganu's state secretary.
KPower said KDSB would allocate a minimum of 50% commercial shop units to Malays/Bumiputera and grant a discount of 5% from the initial sales price to Malays/ Bumiputera.
“The property development is expected to contribute positively to the net assets, consolidated earnings, and earnings per share of the company for the financial year ending June 30, 2023 (FY23) to FY25,” it said.