News about ER

The project covers the construction and completion of 1,004 apartment units, along with podium parking, commercial spaces, resident facilities and infrastructure works.

Hotel facilities include 16 function rooms that feature a pillarless ballroom, to cater to various functions like weddings, conferences and meetings.

The court agreed with Genting Malaysia’s position that the complaint in its initial form was “merely a shareholders’ dispute” in a decision on July 1, and that RAV Bahamas' current allegations are “baseless and without merit”, according to Genting Malaysia in an exchange filing on Monday.

Located along the Embassy Row, the project sits 500m from the proposed Tasik Ampang MRT3 Circle Line station and has quick access to Akleh and MRR2.

The lack of clarity on US trade policy also added to the pressure investors are facing just days away from the July 9 tariff deadline.

The offer price represents a premium of nearly 85% over Kim Hin’s last traded price of 46 sen on July 3 before trading in the stock was suspended for the announcement.

Transport Minister Anthony Loke said these incidents, while understandably inconvenient for passengers, actually demonstrate the integrity and reliability of the new aerotrain’s safety systems.

Residents will be near the township’s 300-acre Central Park and the 2,700-acre Bukit Cherakah Forest Reserve.

The two contracts follow four contracts worth RM145.

Kim Hin has been in the red since the financial year ended Dec 31, 2018.