News by theedgemarkets.com

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.

Finance Minister Tengku Datuk Seri Zafrul Aziz said direct negotiations are allowed as long as they meet one or more criteria under the Act, which includes the procurement of supplies and services that are required urgently, whereby not doing so would jeopardise national interest.

The last the group posted a net loss was back in 2QFY16. The net loss of RM8.04 million then was also due to impairment losses amounting to RM68.3 million from the group’s overseas subsidiaries.

Meanwhile, seven more patients have recovered from Covid-19, bringing total recoveries to 8,978.

The 44 pieces of jewellery were among the items that were taken by the police at two residential units in Pavilion residences, Bukit Bintang, in May 2018.

In the suit, Deepak alleged that the defendants sought to wrongfully deprive him of two plots of land in Kapar, Klang, measuring 96.83 acres and 81.09 acres respectively and 45.42 acres of land in Bukit Raja, Petaling.

UOA attributed the lower revenue largely to lower progressive recognition in the current quarter due to the Covid-19 pandemic that halted the construction progress during the MCO and conditional MCO period.

"The performance of property development segment declined significantly from a profit of RM4.8 million in the preceding quarter to a loss of RM94.4 million in current quarter. Property investment segment registered a loss of RM5.0 million as compared to a profit of RM0.5 million in the preceding quarter.”

According to MB World's Bursa filings today and yesterday, Bursa will suspend trading of securities in MB World from Sept 2, with the date being the expiry of five market days from the final closing date of the voluntary takeover offer by joint offerors Kim Feng Capital Sdn Bhd, NgSinar Sdn Bhd and Ng Kok Boon at 99 sen a share.

Initially, the hearing of the application by Musa and the 32 former assemblypersons for a stay was fixed for today.