Vizione to cut share capital by RM500m to offset accumulated losses
After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.
After the proposed capital reduction, Vizione is expected to narrow its accumulated losses to RM20.
The cautious stance comes as the central bank on Wednesday decided during its first monetary policy meeting of the year to hold the benchmark rate steady at 3%, a move unanimously expected by the market.
Relationships with key clients Exsim Development Sdn Bhd, Platinum Victory Sdn Bhd and Maxim Global Bhd, which stretches over five years, could yield potential contracts worth some RM4.
“The Rule of 78 front-loads interest payments, meaning borrowers pay a larger portion of the total interest in the early stages of the loan.
Desa 27, spread across a 27-acre freehold industrial land, features five plots of detached factories.
Judge Datuk Lee Swee Seng, who led the three-member bench, fixed Nov 7 as the hearing date for both appeals, as both parties agreed that it would proceed without grounds to High Court judge Datuk Ahmad Shahrir Mohd Salleh’s decision on Aug 7, which contains the order for the registration of the transfer.
The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.
Platinum Victory honoured Aaron Chia and Soh Wooi Yik with a RM100,000 incentive, in recognising their remarkable contribution and aiming to inspire future generations of Malaysian athletes.
DONE DEAL: Condo, Cyberia Smarthome, Cyberjaya, Selangor DONE DEAL: Condo, Angkasa Impian, Kuala Lumpur Land use in Taman Desa Melati, Seremban, is mostly designated for landed residential properties at 82.
Quality and affordability may not go hand in hand very often, but this is the forte of MH Platinum Sdn Bhd, whose aim is to build quality residences at budget-friendly prices.