In a statement today, PNB said Wahid Omar is retiring from his position as group chairman of PNB, as well as trustee of YPB. PNB director Datuk Dr Awang Adek Hussin, who is also chairman of PNB Research Institute Sdn Bhd, is also retiring on the same day.
The properties have a land area of 1.8344ha and 0.494ha.
The group will continue to focus on building affordably priced homes below RM500,000.
Mainly due to the progress of the group's ongoing projects and other value engineering initiatives implemented to manage construction costs.
"For commercial property, we believe that it would encourage buyers to buy property now."
Quarterly revenue, however, was up 28% to RM280.05 million in 4QFY18 from RM218.86 million a year ago.
Board is cautiously optimistic that the company would be able to post better results for FY19.
REIT's manager, UOA Asset Management Sdn Bhd, said it will continue to seek opportunities to further acquire real estate that meets the objective of UOA REIT.
The company will work with the new government to finalise the formula of the mutual termination agreement.
CMSB — which was perceived to have links with the former Barisan Nasional coalition — has dropped 68 sen or 27.42% to RM1.80, for a market capitalisation of RM1.92 billion.
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