The piling and foundation specialist said its wholly-owned Econpile (M) Sdn Bhd (EMSB) had, on June 21, been awarded the sum, together with costs, in relation to the award in the adjudication proceedings under the Construction Industry Payment and Adjudication Act 2012.
Lawyers for Goldman Sachs have sought further time to study the summons served against the multinational investment bank and financial services company.
She believes that nobody wins in a trade war, including countries like Malaysia that is part of the supply chain of many products covered by the US' tariff increase on Chinese goods.
The group has identified two potential processing sites that are close to its mine in Western Australia, for the relocation of this first-stage process.
The group said STP will procure and supply components, services and materials required under the completion agreement.
The ministry said the Sarawak government under GPS is a responsible government that has always been practicing and upholding the principle of a disciplined and responsible financial management.
"Cement prices in Sarawak that are markedly higher than in Peninsular Malaysia should be further examined to determine whether it is caused by monopolistic practices of local industry players in Sarawak.”
Tropicana said the proceeds are intended to be used to refinance existing financing or debt obligations, or to finance working capital requirements, investments, capital expenditure or general corporate purposes of the group.
ABM added that potential individual house buyers are also encouraged to join Agensi Kaunseling and Pengurusan Kredit (AKPK)’s RUMAHKU, a free online financial education module on home loans available.
The acquisition deal is valuing the four concessionaires at the enterprise value (EV) of RM6.2 billion.
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