News by Syafiqah Salim

The auditor also highlighted that the group’s shareholders’ equity deficit of RM41.596 million as at June 30 is less than 50% of its share capital of RM456.23 million.

... with a net net loss of RM7.98 million for the first quarter ended Sept 30, 2021, compared with a net profit of RM8.55 million a year earlier.

The purchase consideration for the acquisition has been fixed RM50 per square foot and on an “as is where is basis”.

The group, which comprises KLCCP and KLCC REIT, also saw its quarterly revenue fall 16.72% to RM260.34 million versus RM312.6 million

The contract is for the construction and completion of 66 units of double-storey terrace houses, one security guardhouse, one Tenaga Nasional Bhd (TNB) sub-station, one entrance gateway, one Phase 1 notice board, and infrastructure works on part of the land held under Lot 653, in Kluang district, Johor.

BNM said in a statement on Wednesday that risks to Malaysia’s economic growth outlook include weaker-than-expected global economic growth, worsening supply-chain disruptions and the reimposition of containment measures due to the impact of new Covid-19 variants of concern," said BNM.

The various construction works are expected to start from the third quarter of 2022 and be completed by the fourth quarter of 2026.

The three exceptional withdrawals have left 73% or nearly three quarters of members in a serious state of having inadequate funds to retire above the poverty line. 

Its quarterly revenue declined by 4.55% to RM113.32 million from RM118.72 million a year ago.

Maxim said the purchase will enable the group to further supplement its existing landbank at strategic locations with potential growth