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The group intends to fund both contracts via internally generated funds and/or external borrowings, the company said.

It said incentives from Budget 2020 should help to address the oversupply and financing issues.

Lee, who owns a 29.01% equity interest in Metronic, said he instructed his solicitors to write to the Metronic board on Sept 30 to request the special audit on the executives’ share option scheme exercised in June, a joint venture announced on Aug 7, a proposed private placement announced on Aug 8 and also on the cash flow position of Metronic.

Abdul Jalil, 55, takes over the reins from Datuk Zainal Abidin Salleh, who resigned due to health reasons. Abdul Jalil was previously the chief executive officer of Merge Energy Bhd.

Today, the trial will continue its 22nd day, with former 1MDB chief executive officer Datuk Shahrol Azral Ibrahim Halmi — the ninth prosecution witness — due for his cross-examination for the sixth day.

Nik Nazmi [PH-Setiawangsa], debating on Budget 2020, said the revival of the project could further improve public transportation in the Klang Valley.

...on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the MoF.

“What is in this RM150 billion figure? Why has 1MDB, with debts of RM32 billion and with valuable assets, suddenly (linked to debts of) RM150 billion?” he questioned in the Dewan Rakyat today.

Justice Tengku Maimun in the unanimous decision said the apex court is satisfied that this present application for judicial review is different from the criminal application on the same matter.

This is because the letters and documents contained Shahrol's signature and not Jho Low's.