SGX:1D5

4 stories mentioning SGX:1D5Updated 25d ago

Every FINWIRES story that references SGX:1D5, newest first.

Capital World Receives Further Payment from MK Mustafa

Capital World (SGX:1D5) received a payment of 23 million ringgit from MK Mustafa, taking the total deposits collected to 121.5 million ringgit, according to a Wednesday filing with the Singapore Exchange.The payments are part of the sale and purchase agreement between the two parties, signed Jan. 7, 2023. Under the agreement, MK Mustafa would make periodic payments to the property developer, in connection with 591 unsold retail units inside Capital City Mall in Malaysia.Of the 591 units covered by the agreement, MK Mustafa has secured Form 433B approvals for 55 units, with the remaining units awaiting regulatory clearances.

SGX:1D5

Asia34d ago

Capital World Unit Faces Repayment Demand Over Delayed Property Delivery

Capital World (SGX:1D5) subsidiary, Capital City, received a letter of demand from a buyer's legal representative, seeking full repayment of 654,680 ringgit over the company's failure to deliver vacant possession of a service suite unit under a contractually stipulated timeframe.The buyer alleges the delay to be a breach of the agreement and is seeking repayment within 14 days, according to a Monday filing with the Singapore Exchange.

SGX:1D5

Asia47d ago

Capital World Unit Sued Over Alleged Delayed Property Delivery

Capital World's (SGX:1D5) subsidiary, Capital City Property, was served with a writ of summons from a buyer of a service unit at its development in Malaysia, claiming a total of 332,789 ringgit over the company's alleged failure to deliver vacant possession within a stipulated timeframe.The purchase has filed a claim, seeking a refund of the 2,000 ringgit deposit, 80,512 ringgit cashback payment and 250,288 ringgit in progressive construction payments, according to a Tuesday filing with the Singapore Exchange.The subsidiary is now required to make an appearance within 14 days of the service of the letter to avoid a default judgment.Meanwhile, the company has engaged legal counsel over the matter, with case management scheduled for June 25 at the Johor Bahru Sessions Court in Malaysia.

SGX:1D5

Asia111d ago

Capital World Starts Fit-Out at Mustafa Centre's First Outlet at Malaysian Mall; Shares Surge 100%

Capital World (SGX:1D5) began fit-out and renovation works at Mustafa Center's first outlet at Capital City Mall in Johor Bahru, Malaysia, according to a Monday filing with the Singapore Exchange.Shares of the property development projects company surged over 100% in Tuesday's trading.The project will initially focus on a 240,000-square-foot area on the ground floor at the Capital City Mall, with the retailer's outlet expected to open before the first quarter of 2027.

SGX:1D5

Track with the FINWIRES app suite

FolioX

Track SGX:1D5 in your portfolio

WheelAI

Analyze SGX:1D5 options with the wheel strategy

StockInsider

See market sentiment on SGX:1D5