Najib arrived for his case management over 32 graft-related charges today at 8.40am, 12 minutes after the arrival of his wife Datin Seri Rosmah Mansor for separate charges of 17 counts relating to money laundering.
While it is unclear as to how much was Sealink’s investment cost to acquire the land, the group said in a filing with Bursa Malaysia that the expected gain from the sale to CMS is about RM19 million, based on the net book value as per audited accounts for the year ended Dec 31, 2017.
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.
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