The project, featuring three blocks of serviced apartments worth RM700 million in gross development value (GDV), will be launched within the next year and start contributing to the group’s top line, said YNH general manager James Ngio.
Halim pointed out that PLUS managing director Datuk Azman Ismail failed to explain why there are whopping debts of RM30.2 billion in the highway operator.
KPS holds concession agreements with the Malaysian government for seven polytechnic hostels in six states nationwide, entailing design, construction, and facilities management.
“The upgraded rating of Widad Capital’s rating to AA2 positive outlook by RAM reaffirms our growing financial strength and robust business model."
Both companies were to execute a written notice of discontinuance at the High Court of Malaya here in Kuala Lumpur yesterday.
This was in spite of a 2.1% higher quarterly revenue of RM144.35 million, compared with RM141.35 million in 3QFY18, contributed by higher revenue rent and electricity income from Pavilion Kuala Lumpur Mall for supplying electricity to Pavilion Hotel and Pavilion Suites.
This was despite a 14% rise in revenue to RM147.60 million from RM129.15 million, as it recognised higher work progress at its ongoing construction projects.
The sovereign wealth fund added that the divestment helped Khazanah raise RM8 billion in funds to be ploughed into various other sectors.
The healthcare group has initiated discussions to cash out of its 62% stake in Hyderabad-based Continental Hospitals and 74% in Global Hospitals, by selling them back to the promoter family, Economic Times reported, quoting multiple sources.
Parkson Retail Group Ltd (PRGL) secured the loans from a syndicate of banks for a three-year term, Parkson Holdings said in a filing with Bursa Malaysia.
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