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Penang Development Corporation | Scoop

Penang Development Corporation

Chow reveals why PDC slammed the door on RM818mil Byram land deal

Penang chief minister says consortium failed to meet key conditions and made demands PDC couldn’t entertain

Guan Eng slams Penang agency’s decision in Byram land sale, calls for management overhaul

Former chief minister says state development body headed by successor Chow Kon Yeow could have earned more from high value bid it rejected

Penang CM denies PDC gave land to private sector for industrial park development

Chow, who is also the Padang Kota assemblyman, said this is because PDC’s industrial land bank is at strategic locations and can be marketed to investors in promoted industries. 

PDC offer letters now include company stock changes before agreement signings

The Penang Development Corporation has made amendments to all offer letters to include clauses on company stock changes prior to signing any agreements, following the contentious equity structure of Umech Land Sdn Bhd.

Penang’s Chow to sue chamber of commerce head Tan for defamation

Penang Chief Minister Chow Kon Yeow has the backing of the state exco to sue tycoon Tan Sri Tan Kok Ping for allegedly defaming him, in remarks over the state’s land deal with Umech Construction Sdn Bhd (Umech).
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