JAKS files defence, counterclaim against Star Media
In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.
In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.
The Transport Ministry has allowed the company to appeal against the government's earlier decision to scrap the development.
“Any intervention is limited to ensuring an orderly market and avoiding excessive volatility of the exchange rate that may affect macroeconomic stability."
"We do see the Malaysian property market in the major urban centres getting fairly mature. So rightly said, the next step is to really look at potentially going out of the country… I think we are ready to go."
“He was very upset, and I apologised to him."
On its prospects, UOA said the total new property sales for the period ended March 31 was approximately RM171.23 million.
However, Justice Collin ordered Hasanah, who was present in the court today, to attend all future case management with at least one of her bailer or surety.
Over the longer term, Yong Tai being the master developer of Impression City development will benefit from the value created by Encore Melaka theatre’s collaboration with HRC World.
Under the fund-raising exercise, Malton’s controlling shareholder Tan Sri Desmond Lim Siew Choon and Qatar Investment Authority will inject fresh capital of RM277.25 million and RM406.7 million respectively through subscription of redeemable preference shares (RPS) in Regal Path Sdn Bhd, which will acquire a 49% stake in Pavilion Bukit Jalil Mall from Malton.
"There, Azlin gave me a letter which was signed by SRC director Nik Faisal Ariff Kamil dated June 3, 2011 [addressed] to Najib seeking for a loan of RM3.95 billion."