The realignment, which could affect 25% of the entire 640km ECRL track, is centred in the last section, Section C, which will see the scope switched from Putrajaya-Port Klang to the original route of Gombak-Port Klang.
“Khazanah has shown resilience and tenacity in these trying times to achieve significant progress in delivering on its mandate to grow Malaysia’s long-term wealth.
“It is these characteristics that will also enable us as a country to overcome the challenges posed by the Covid-19 pandemic.”
The dispute arose from a 2009 land sale agreement for the Jeju Airest City project, which was inked between South Korea’s Jeju Free International City Development Center (JDC) and Berjaya Jeju Resort Ltd (BJR).
Gamuda said the MCO, imposed on March 18 to halt the spread of the Covid-19 pandemic, caused work stoppages and reduced traffic volume across its four expressways, as a result of which the group recorded its lowest quarterly revenue since 1QFY17.
YNH expressed plans to launch two high-rise projects this year with gross development value of RM700 million each in a parcel in Genting Highlands, as well as in Dutamas.
Quarterly earnings per unit rose to 1.85 sen, from 1.81 sen for 1QFY19, as net profit climbed 1.94% to RM19.79 million from RM19.41 million.
Quarterly earnings per share slumped to 0.32 sen from 1.37 sen in 3QFY19, Ekovest’s bourse filing showed.
IGB’s hotel division reported a loss in 1QFY20, while its property development business, which does not have any project under construction currently, recorded weaker sales of completed Stonor 3 condominium units. As for its construction and others' segments, losses widened.