This resulted in a higher earnings per share of 5.18 sen for 3QFY19 compared with 3.06 sen for 3QFY18.
If approved, the arena, which will be opening its doors to the public in early 2023, will be the third largest in the UK, after Manchester and the O2 in London.
“Our goal here is to increase Mudajaya’s revenue and profit. What we will do is to try our best to put in resources like capital and business relationships, to make the company great again. It has huge potential and is undervalued,” Kuo said.
"When we look at it, what has sustained our growth are the diversified nature of our economic structure and the diversified nature of our exports in terms of our products and markets, which have helped cushion the impact of a more challenging external environment."
"The group, he said, has no intention to exit its business there as the group still views Hong Kong as a mature, affluent market that serves as a gateway to the larger Chinese market ..."
Seacera said it will seek legal advice on the matter and announce any material development accordingly.
"In Peninsular Malaysia, there is not much for infrastructure works. That is why (we think) it is going to be a challenging year, with so many (market) players chasing after the limited projects that are going to be rolled out."