News by Justin Lim

ERL chief executive officer Noormah Mohd Noor said the partnership enhances ERL's efforts at widening its distribution channel.

M Aruna is the first pilot project by Mah Sing that adopts the industrialised building system (IBS) precast technology.

The proposed acquisition is consistent with its growth plan to continue expanding its landbank, when good business opportunities arise, the group said.

The upside risk, according to one research house, for WCT is more job wins, while the downside risks are weaker sales and further delays in the group’s real estate investment trust plans.

In a filing with Bursa Malaysia yesterday, Tropicana said it has entered into a conditional share sale agreement with Chee Sing and his children to acquire a 50.1% stake in Peluang Duta Sdn Bhd, whose 70%-owned subsidiary T Sanctuary Development Sdn Bhd owns two plots of leasehold land totalling 329.1 acres in Johor, for RM49.05 million.

Latitude Tree said the tenure term starts from Sept 14 until June 30 2057 and the total rental is RM12 million.

"It is not an extension of time (frame), we have the time frame of one year under the law, and this ends in May next year."

“We cannot send our officer into one country and execute and arrest [Low] there. We need assistance, cooperation and approval from the country that is concerned.”

“To date, the police have also detected 132 transactions of illegal funds connected to 1MDB and further investigations are on-going.”

OWG is allocating RM50 million as capital expenditure for FY19, which will be used to upgrade its existing indoor playlands and commence new playlands. For the loss-making Komtar Tower, Koh said the group is undertaking aggressive marketing efforts to promote it.