BAssets said its higher net loss was due to the higher deferred tax provision on fair value changed in investment properties amounting to RM59.3 million, following the recent increase in Real Property Gains Tax (RPGT) tax rates.
“Sorry, I am not aware of such plan,” said Baru.
Vizione said proceeds from the proposed private placement will be used to part finance the group’s existing construction projects, as well as for payment of tender/contract deposits and/or performance bonds for new projects.
“George Kent and MRCB have a difference of opinion in the interpretation of certain provisions of the shareholders’ agreement (SHA) with regard to the options for securing of the financing requirements for the JV company,” said George Kent.
In a statement today, Attorney-General Tommy Thomas said the 17 individuals connected to Goldman Sachs were slapped with criminal charges filed under Sections 367(1) of the Capital Markets and Services Act, 2007 (CMSA). This is in addition to the charges already levied against three Goldman Sachs subsidiaries, under Section 179 of the CMSA.
This building will consist of a nine-story retail podium, a five-storey car park and an LRT link bridge.
Executive director Datuk Seri Gan Seong Liam, 63, replaces Anuar, 74, as managing director.
Datuk Tan Eng Boon is accused of giving — and Ku Nan receiving — RM1 million for the approval of Nucleus Properties Sdn Bhd's application (now known as Paragon City Development Sdn Bhd) to increase the plot ratio relating to the development of Lot 228 along Jalan Semarak.
The group attributed the second-quarter NPI increase to higher revenue, which was mainly contributed by higher rent and electricity income from the Pavilion Kuala Lumpur mall for the supply of electricity to the Pavilion Hotel and Pavilion Suites.
The group announced that it had entered into a settlement agreement with the parties it had launched legal proceedings against.
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