The contract was for the construction of 112 units of 14-storey apartments and eight units of three-storey terrace houses in Butterworth.
"The group has started its 'build then sell' projects which are being funded by cash flows from asset sales that were already locked in.”
The Sessions Court has issued a temporary remand on Roger Ng before deciding whether to grant bail to the former Goldman Sachs employee amidst his extradition hearing.
The construction firm’s statement in response to a news article by Bernama quoting Keizrul saying that “if the current Government does not like us, it would not have allowed us to continue with the Light Railway Transit 3 (LRT 3) project”.
The agreement with Koperasi Kampung Melayu Balik Pulau Bhd (KKMBPB) will see the group developing the latter’s 89.89 acres of land into a mixed-use development with a minimum gross development value (GDV) of RM600 million.
According to the REIT's stock exchange filing yesterday, her resignation is "due to other personal commitments", and is effective immediately.