News by Justin Lim

The property, sitting on a piece of leasehold land measuring 90,040 sq ft, comes with a double-storey factory-cum-office building. Currently, the occupancy rate of the factory is 100%.

MAHB said the development is not expected to have any material impact on the earnings and net assets of the company, since it is subject to strict proof at the full trial of this case in November. 

Pegasus said the company and GE Properties Sdn Bhd had both mutually agreed to cease the letter of award (LoA) for the job.

Pua said Putrajaya has so far received RM26 billion of the RM30 billion special dividend from the national oil corporation.

AKFI served the notice of termination on SPA 2, SPA 3 and supplementary SPA 2 respectively to the vendors and requested for the refunds of all monies paid to the vendors amounting to RM373,000.

The original plan was to develop the land into a mixed development with an estimated gross development value of RM333 million.

“We regret that the unsubstantiated and irresponsible reporting by the media had led to further speculations and subsequent harassment of the individual,” said TRX City.

YTL Cement Sdn Bhd, a 98%-owned unit of YTL Corp, has acquired a 51% stake in Lafarge Malaysia. It has subsequently launched a mandatory general offer to Lafarge Malaysia’s minority shareholders for the remaining shares in the company at RM3.75 per share.

It expects a 2% profit margin compression in anticipation of 45% price rise.

“But moving forward, we will see some light at the end of the tunnel after the revival of ECRL and Bandar Malaysia."