Topic: Kailani
NCB Group’s unfinished Kailani hotel project placed in receivership
Work on the property slowed following completion of the hotel shell in 2024
The petition to wind up NCB Investments Ltd is withdrawn
Attorney for the petitioners says that on 15 October, two days before the scheduled Grand Court hearing, the debt was satisfied in full, and as a result, the petition was withdrawn.
Petition seeks to place NCB Investments Ltd in liquidation
A petition has been filed in the Grand Court seeking to wind up NCB Investments Limited on the grounds that it is unable to pay its debts
Kailani hotel set to recommence construction in August
Visible construction work has slowed significantly at the delayed Kailani hotel site in George Town over the past six months.
