News by THEEDGEMARKETS.COM

The property firm said it has entered a conditional shares subscription and shareholders’ agreement with Bangsar Hill Park Development Sdn Bhd (BHP Development), Suez Capital Sdn Bhd and Dasar Temasek Sdn Bhd, to acquire a 51% stake in property developer BHP Development for RM8.44 million.

The new trial dates are in 2021. Justice Jamil had today fixed May 7, 21, 28, June 4 and 11, July 1-2, 22-23 and Aug 6 as trial dates for the case.

Liew still controls a direct stake of 9.41% and an indirect stake of 5.29%.

Discount rates given to domestic and residential customers will be determined based on their monthly electricity consumption at a time when the nation is still struggling to curb the spread of the Covid-19 pandemic.

The jump in new infections brought the country's total cases to 11,484.

The group said it launched RM541.4 million new projects in the first half of FY21 (1HFY21), focusing on the two-storey terraced homes segment in Sendayan Developments and Bandar Seri Impian in Negeri Sembilan.

Malaysian prosecutors had sought US$340.26 million from PSOSL in its first international forfeiture application, as they claimed to have originated from the problematic 1Malaysia Development Bhd (1MDB) fund in a joint venture with PSI to form the 1MDB PetroSaudi Ltd in 2010.

Apandi in the letter of demand from the law firm of Messrs Shukor Baljit and Partners dated yesterday wants the chambers to respond within seven days (7) his claim of unlawful termination and hence his termination two years ago should be null and void, or he will be force to commence legal proceedings.

Upon completion of the debt restructuring and capitalisation exercise, the company's issued share capital would more than quadruple to 2.79 billion shares, while its gearing would drop to 0.34 times from 0.9 times as of end-2019.

Former prime minister Datuk Seri Najib Razak’s appeal against his conviction in the SRC International Sdn Bhd trial will commence on Feb 15, 2021.