Felda nears deal to sell Merdeka Palace to Permodalan Satok Bhd KUCHING (April 9): The Federal Land Development Authority (Felda) is in the final stages of concluding the sale of Merdeka Palace Hotel & Suites to Permodalan Satok Berhad. Felda chairman Datuk Seri Ahmad Shabery Cheek said both parties have reached an agreement, with the transaction now pending approval from higher authorities. “Regarding the sale of Merdeka Palace Hotel, there is already an agreement with Permodalan Satok. We have reached the final stage of negotiations and are now only awaiting approval from the relevant authorities,” he said, according to a TV Sarawak report. He was met by the press after paying […]

Felda nears deal to sell Merdeka Palace to Permodalan Satok Bhd #Felda #MerdekaPalace #BusinessNews #Investment #RealEstate