Provision for impairment of RM155m drags BLand into loss in 2QFY18
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
In its report yesterday, the Australian Financial Review said Mara showed a A$1.2 million loss on the asset in 2016 after it became vacant.
The extension this time is for 12 months until Dec 16, 2018.
GWSB is also seeking any other assessment of damages, and costs for the dismissal of Aeon’s suit and counterclaim.
“Upon Everise becoming a subsidiary of the group, the group’s net assets is expected to increase by RM67.95 million…”
The properties are in Penang, Perak, Selangor, Kuala Lumpur, Negeri Sembilan, Melaka, Johor, Sabah and Sarawak.
286 shareholders holding 176.56 million shares voted in favour of Goldis’ bid, while 148 shareholders owning 1.17 million shares voted against it.
The diversification is not a prelude to an RTO by Consortium Zenith, says chairman.
“We are not sure if it would affect projects with our joint-venture partners."
The review is also pertinent as the group does not have any sukuk programme that would seem to retain its investment-grade rating, said group chief financial officer Datuk Tong Poh Keow.