News by Justin%20Lim

In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.

Under the fund-raising exercise, Malton’s controlling shareholder Tan Sri Desmond Lim Siew Choon and Qatar Investment Authority will inject fresh capital of RM277.25 million and RM406.7 million respectively through subscription of redeemable preference shares (RPS) in Regal Path Sdn Bhd, which will acquire a 49% stake in Pavilion Bukit Jalil Mall from Malton.

The stronger profit was mainly due to higher contributions from two segments — property, and financial services and investment holdings — which offset lower contributions from its construction, industries and hospitality segments, it said in a stock exchange filing.

Quarterly revenue fell 4.66% to RM514.65 million from RM539.79 million a year ago, mainly due to lower revenue recognition from its engineering and construction segment.

The Battersea Power Station phase 2 and phase 3 projects are now targeted to be completed by 2021

Expertise may be lost if there is no plan for the Circle Line by 2022 — group MD.

Che Khalib said the proposal provides an alternative for reducing the project cost, which is at RM45 billion under the original plan. However, he is tight-lipped about the cost reduction, adding the proposal is a completely different solution.

The US government had returned US$57.04 million (RM236.72 million) given up by Red Granite Pictures, a US-based film production company linked to former prime minister Datuk Seri Najib Razak and his stepson Riza Aziz.

Thomas said the first tranche of returned funds of US$57.04 million (RM233.7 million) was credited into the 1MDB asset recovery account, a segregated trust account opened specifically for this purpose.

To undertake mechanical and electrical works for the construction of a 41-storey office suites in Bandar Sunway, Selangor.