Surprises continue as Sapura picks itself up
Group posts 2Q net loss of RM126.06m but whopping debts, high gearing will be the past in FY20.
Group posts 2Q net loss of RM126.06m but whopping debts, high gearing will be the past in FY20.
The extension — from its Sept 30 deadline — will “possibly” occur as the parties involved are still ironing out the terms involved, said PNB president and chief executive officer Datuk Abdul Rahman Ahmad.
Zeti says immediate focus is to ‘consolidate what has been done’
“We are still in the process of finalising the transaction — at the moment, we are nearly completing our due diligence exercise.”
PNB's consolidated income and asset under management rose during the first eight months of 2018, from a year earlier.
CIMB Group chairman Nazir will relinquish all posts he holds in the group by Dec 31
The 16-part exercise, expected to take a year, will be managed by Port Klang Authority.
The Malaysian High Court has today allowed an application by 1MDB and the Malaysian government to expedite the sale of the yacht, believed to be acquired for US$250 million using money siphoned from the troubled state fund.
FMM wants government to give repayment details first.