News by Arjuna Chandran Shankar

"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.

Ng was hospitalised for five days from Dec 3, suffering from illnesses like leptospirosis, food poisoning, dengue and viral infection.

According to the NAPIC, as of 3Q18, 30,115 unsold homes amounted to RM19.54 billion, a year-on-year increase of 9,811 homes or RM18.28 billion from 20,304 unsold homes in 3Q17.

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.

The conditions precedent to the sales and purchase agreement had not been fulfilled on Feb 1, the group said in a filing with Bursa Malaysia yesterday.

“The review showed that the government would be able to recover all of its opportunity cost and investment made into TRX."

Vertice Bhd executive director Wong Kwai Wah: “We are supposed to start in March, but the Penang state government’s land is not ready. Until we receive the land we won’t be able to start work.”