"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.