News by Justin Lim

The entitlement date and exercise price of the warrants will be determined later, the property developer said in a bourse filing yesterday.

In a filing with Bursa Malaysia, the property developer said Bakke's resignation, effective immediately, was "due to the cessation of Sime Darby Bhd as a major shareholder of the company".

"In the case of Subang Airport, being a significant facility and major urban hub for Klang Valley residents, great care and deliberation is needed for the airport’s long-term future in the broader Malaysian aviation landscape.”

... despite the reintroduction of the MCO 3.0 in targeted areas, which is seen as a short-term blip to the recovery of the domestic economy.

"Neither has there been a discussion held with the government on the details."

BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and into April.

MARC has assigned a preliminary rating of AA-IS with a stable outlook to the sukuk programme.

Its revenue fell 17.37% quarter-on-quarter (q-o-q) to RM138.91 million from RM168.12 million, dragged mainly by lower construction activities and lower work progress for its property development projects, the company’s filing with the local bourse showed.

SCSB has taken over Welcome Global's shares in SESB and will develop the property on its own since the property is located within its development project at Sunsuria City, Sepang

On top of the disposal of the Jasin land worth RM260.2 million, the group attributed the better profitability to the positive contribution from its ongoing development, namely Emerald Hills and Emerald 9 in Cheras