News by Tan Xue Ying

The proposed project will commence on Sept 1, and is expected to be completed by the third quarter of 2019, read the filing.

Yu disposed of the stake, comprising 9.26 million shares, for RM11.01 million or RM1.19 per share. This represents a discount of nearly 12% when compared with the stock’s closing price of RM1.35 on the open market.

Terms and conditions of the SPA will be finalised by Sept 14.

“The termination was due to the non-fulfilment of the condition precedent to the share sale agreement till to-date,” IJM Corp said.

Parties failed to reach agreement to open the DreamWorks' attractions to the public by Aug 1.

Proposed diversification will allow the group to reduce reliance on its existing business in the information technology and information and communications technology (ICT) industries, as well as its construction activities.

The proposed disposal is expected to result in a gain of RM2.38 million to the group…

He has been tipped to replace Azman Mokhtar, who resigned together with entire board — sources

JAKS’ application for the injunction was earlier dismissed by the Court of Appeal last Friday, and by the High Court last Monday.

“We will continue to work closely with the Ministry of Finance and Project Delivery Partners [Malaysian Resources Corp Bhd and George Kent (M) Bhd] to identify additional areas that may help reduce said cost.”