News about MB

In a filing with Bursa Malaysia on Thursday (Aug 10), the property developer said the proceeds from the sukuk will be utilised by EcoWorld Malaysia and its subsidiaries or any joint ventures related to them.

"Why was this announcement made during the election period, and not at any point earlier?" KUALA LUMPUR (Aug 2): Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari (pictured) to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.

Sime Darby Property mentioned it could generate about 150MW from 15,000 rooftops in the City of Elmina, Shah Alam’s residential landed units over the next five years.

“We think any interested parties will have to form joint ventures (JVs) or partnerships with foreign players with the technical knowledge and also strong financial backing.

Rafe Haneef: I think we will know [the appointment] in due course.

With built-ups from 3,455 square feet (sq ft) to 10,559 sq ft, these units come with a starting price of RM1.

Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.

MBSB is in the midst of acquiring MIDF via a RM1.

Last month, LTAT accumulated an over 90% stake of Boustead Holdings Bhd — reaching the threshold that paves the way for its privatisation of the company.

At present, he is also a non-independent non-executive director of Boustead Heavy Industries Bhd, as well as chairman of Boustead Naval Shipyard Sdn Bhd and Boustead Petroleum Marketing Sdn Bhd.