The group said the disposal is a “strategic move” as it allows the reallocation of financial resources to fund its construction division, while continuing to participate in Kumpulan Voir’s business via its remaining 40% equity interest.
Sarawak has commissioned a study to review the current policies and advocating the principle of reduce, reuse and recycle (R3).
The appeal is against an Election Court’s decision in declaring the 14th general election results for the Rantau state seat as null and void, ordering a by-election to be held immediately.
Speaking on the group's outlook at the launch of Pantai Sentral Interchange, its chief executive officer (CEO) and managing director Datuk Soam Heng Choon said "this is time for consolidation", as the construction sector is facing slowdown due to fewer jobs from the government and the property market softens.
The MACC said Mohd Isa, who is also a former member of the FIC Board of Directors and former FIC director, would be charged at 9 am tomorrow.
"We want to grow the UK's BtR market from a million-dollar one (currently) to a billion-dollar one," said EWI chairman Tan Sri Liew Kee Sin at a media briefing today.
He said the essence of the meeting would be on the issue of Johor Bahru's port expansion and waters off the coastal area of Tuas, Singapore.