"A good structure in terms of governance, funding and a transparent tender system and implementation have obviously been the factors that have made the MRT project a success," Najib said in Parliament.
BDB group managing director Datuk Izham Yusoff said the two projects — Darulaman Saujana in Jitra and Darulaman Putra in Sungai Petani — is expected to be launched by its wholly-owned BDB Land Sdn Bhd this year, to be developed over the next 10 years.
The construction firm said the private placement will involve the issuance of up to 52 million new shares — equivalent to 10% of its share capital — to identified investors at an issue price to be fixed later.
The sukuk was issued by Sunway Treasury Sukuk Sdn Bhd, a unit of its wholly-owned subsidiary Sunway Treasury Sdn Bhd...
"It is a momentous occasion in the country's history today. As a Finance Minister, I am also happy to note that MRT is delivered below the budgeted cost, and ahead of the schedule," said Najib.
Sunway’s wholly-owned unit, Sunway City Sdn Bhd via Sunway Innopark Sdn Bhd signed a sales and purchase agreement with Genting Bhd’s chairman and chief executive Tan Sri Lim Kok Thay, his mother Puan Sri Lee Kim Hua and three beneficial owners today, to buy the land for RM165 million.
“The financial impact on the group is not expected to be material as [WCT] believes it has good grounds to defend and oppose the claims…”
Tan Sri Leong Hoy Kum was crowned Asia's Best CEO (Investor Relations) at the Corporate Governance 7th Asian Excellence Awards 2017.