News by Emir Zainul

In a filing with Bursa Malaysia, the steel products maker said the sale to ISEC (Penang) Sdn Bhd is expected to result in an estimated loss of RM81,000 to the group, after taking into consideration the estimated expenses of RM181,000 for the disposal.

The sale of the land to Liansheng Paper (Malaysia) Sdn Bhd provides the group the opportunity to unlock the value of the land, Kossan said.

In a statement, PNB said Kartini had served in various capacities throughout her stint with the fund management company.

"As such, the government's highway concession agreement with PLUS will be restructured with an aim to reduce toll rates for the benefit of the people," sources said.

In a bourse filing yesterday, Tropicana said it has entered into agreements with Cenang Laris and VTS to subscribe 297 shares and 9,900 shares for RM297 and RM9,900 respectively.

It posted a widened loss of RM14.85 million in 2QFY20, compared with RM12.65 million in the previous corresponding quarter. Revenue was also 18.3% lower at RM90.19 million, from RM110.42 million previously.

Taliworks added that RM626.1 million of the total sale consideration has been paid by Starbright to its wholly-owned unit Sungai Harmoni Sdn Bhd, from the proceeds of the asset-backed medium term notes the SPV had previously issued to purchase the receivables.

It is also proposing recurrent related party transactions to be entered into by Niche and its subsidiaries and associates with related parties pursuant to the proposed diversification.

In a filing with Bursa Malaysia yesterday, Puncak Niaga said the application is not expected to have any material operational or financial impact on the company.

A directors’ circular resolution (DCR) from 1MDB’s board dated Oct 11, 2011 that bore the signatures of 1MDB directors Tan Sri Lodin Wok Kamaruddin, Tan Sri Ismee Ismail, Datuk Shahrol Azral Ibrahim Halmi, Tan Sri Ong Gim Huat and Ashvin Jethanand Valiram was attached with a special rights redeemable preference shareholder’s resolution in writing dated Sept 15, 2011 that bore Najib’s signature.