Revenue jumped seven-fold to RM817.87 million, from RM114.91 million in 2QFY20, on higher revenue from the leisure and hospitality businesses in the US, Bahamas, the UK and Egypt.
As at the closing of the restricted offering on Aug 20, the REIT's manager had received valid acceptances for 241.95 million ROFS units and 362.92 million corresponding distribution-in-specie units.
Revenue for the quarter increased 8% to RM658.65 million from RM610.47 million a year earlier.
They contradict the government’s policy to ease movement of vaccinated individuals and the critical need to address the priorities between saving lives and livelihoods.
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
The latest cases were discovered from testing 160,196 individuals across the country in the past 24 hours, indicating a positivity rate of 15.36%.
KAJ Development Sdn Bhd filed the judicial review application on Dec 4 last year, after its agreement with the Melaka government was terminated
"Within the sectors covered, all sectors anticipate unfavourable business conditions for 3Q21 in light of severe and prolonged Covid-19 pandemic in this country.”
The group said that the higher revenue and profit after tax and minority interests were attributed mainly to the progressive recognition of the ongoing development projects, namely South Link Lifestyle Apartments, The Goodwood Residence, Sentul Point Suite Apartments and Aster Green Residence
Taman Tun Dr Ismail Residents’ Association: This calls into question the purpose of asking the public for their feedback and organising a public hearing for objections. No rationale was provided as to why objections and recommendations raised were not accepted, nor were any mitigations made in response to the concerns raised.
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