According to its financial statements, its construction segment posted a 30% fall in net profit contribution year-on-year to RM51.57 million, while the property segment saw an 80% drop in net profit to only RM8.14 million.
Sime Darby bought into E&O about a decade ago, in 2011
The plots, measuring 223 acres, are owned by Astacanggih Sdn Bhd, which is a subsidiary of Bakti Wira Development Sdn Bhd, which in turn is a unit of Boustead, he said in his affidativit filed at the Court of Appeal.
Trive said it will make a further announcement on the appointment of new auditors in due course.
In a filing with the Singapore Exchange, Parkway Trust Management Ltd — the manager of PLife REIT — said the notes issue is expected to conclude on March 29, 2021. The issuance, due 2027, is in line with its S$500 million Multicurrency Debt Issuance Programme.
Today also marked the 16th consecutive day that the number of daily cases stayed below 2,000.
Total recoveries stood at 316,042, translating into a recovery rate of 95.28%.
Health Director-General Tan Sri Dr Noor Hisham Abdullah said the new cases comprise 2,054 local cases and nine import cases, with Selangor topping the list with a total of 630 cases, followed by Pulau Pinang (337 cases), Sarawak (361 cases), Johor (255 cases) and Kuala Lumpur (120 cases).
Since the resumption of construction activities, MRCB said it saw continued improvements in its profitability, albeit at a slower pace, compared with pre-pandemic levels.
In a report Feb 23, legal news service Law360 reported that the loan is for a plot of non-residential land on 110-00 Rockway Boulevard, which is the site of the casino. GenM’s wholly-owned unit Genting New York LLC is the borrower for the deal.