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.
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.
Kimlun said its wholly-owned Kimlun Sdn Bhd secured the job from Rexpoint Resources Sdn Bhd.
The research house said the value has emerged given that IOI Properties' share price has fallen about 15-20% in the past three months.
The slightly lower net property income was mainly attributed to lower rental fees and higher operating expenses.
Scomi entered into a deal for Prasarana to acquire seven new four-car train sets for the Rapid KL Monorail route.
It expects the talks to culminate in some deals that will be completed within the next two years.
It stems from the winding-up order of one of its clients — TYL Land & Development Sdn Bhd.
SunCon said the first contract was related to the LRT3.
The developer attributed the wider quarterly loss to lower revenue generated across all the segments.
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