News by TheEdgeMarkets.com

Umno Pekan, which is represented by Datuk M. Reza Hassan, said his client will apply to strike out the forfeiture on the grounds of procedural compliance.

At 10.24am, KAB dipped 0.5 sen to 20.5 sen for a market capitalisation of RM72.57 million.

AKFI served the notice of termination on SPA 2, SPA 3 and supplementary SPA 2 respectively to the vendors and requested for the refunds of all monies paid to the vendors amounting to RM373,000.

"Land policy is under the purview of the state authorities. Conditions may be imposed by the respective state authorities handling land matters, namely State Land and Mines offices, depending on the category of land being applied for."

"Now we are still at the ministerial level, we will study the proposal, and make a recommendation to the Cabinet."

Defence lead counsel Tan Sri Muhammad Shafee Abdullah said had SRC's purpose been achieved, it would have been another Petronas, which would propel the economy of the country. "Yes," the witness agreed.

"I am not familiar with this case. I think the contract is not issued by the MoF, I am not familiar with this."

Lim, however, said he will have a meeting with Maju Holdings' management, to be briefed on the latter's new acquisition offer.

Lim said the US$126 million or RM527.4 million gained from selling Equanimity to Genting is being temporarily stored in a sheriff stakeholders account.

Dr Mahathir said the government is still in the midst of drafting the new laws meant to replace the Sedition Act.