In a filing with Bursa Malaysia on Wednesday, Citaglobal said it has entered into a binding term sheet with Tree Technologies for the proposed joint venture (JV), based on an equity shareholding of 65% for Citaglobal and 35% for Tree Technologies.
Year-to-date, Kerjaya Prospek has won contracts worth RM1.
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Group’s former deputy president and chief operating officer Datuk Wong Tuck Wai: "To the best of my knowledge, I had discharged my duties as an officer of S P Setia conscientiously, diligently and responsibly with absolute due care at that point in time of the said acquisition which was approved by the board of directors after due processes in place at the company.
Two independent directors, Chee Wai Hong and Yee Chun Lin, also resigned from Menang’s boardroom.
Lido Waterfront Boulevard is a freehold, integrated mixed development, which will be built on 163 acres of reclaimed land, located along the Johor City Centre waterfront facing Singapore.
Meanwhile, pre-tax profits increased by 4%, reaching RM282.
CZC also made similar allegations against Vizione Construction Sdn Bhd, a subsidiary of Vizione Holdings Bhd and the second defendant in the suit, with regards to payments amounting to RM15.
This partnership follows the success of two CLQ projects in Ipoh.
Separately, Signature announced that its net profit for the second quarter ended June 30, 2024 (2QFY2024) halved to RM10.
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