Tan Sri Jeffrey Cheah Fook Ling, the founder and 59.4% shareholder of Sunway Bhd (KL:SUNWAY), is urging shareholders of IJM Corp Bhd (KL:IJM), particularly government-linked investment funds (GLICs), to evaluate Sunway's takeover bid objectively, and not be influenced by the “noises” made by certain quarters.
While the sources are tight lipped, they say that the three-month extension could very well be an interim measure before his tenure is extended for a longer period.
"His appointment may be made as early as this week."
“We do not consider graduates of the UoL to be graduates of LSE,” Haynes replied in an email dated July 1 to queries from the Securities Commission (SC), a copy of which was provided to theedgemarkets.com.
Nur Ismal was CEO of MyHSR from 2015 to 2019.
President cum group chief executive, Datuk Abdul Rahman Ahmad, will leave upon the expiry of his three-year contract by the end of next month. He assumed the post on Oct 1, 2016.
The CEO will be taking over the group MD post vacated by Lodin — sources
The decision was made due to cost overruns under the existing PDP structure.
To a question on whether he took up the private placement to help out his friend Datuk Terry Tham, Wan Azmi chuckled and said: “No friendship is worth RM130 million.”
An analyst estimates group’s gearing to fall to 25% in 2019.
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