News about MD

Sentral REIT said the acquisition of the building from MRCB’s wholly-owned subsidiary Puncak Wangi Sdn Bhd, will be satisfied with cash raised through a combination of equity and debt funding exercises.

The WORQ with DE Rantau programme is estimated to inject RM360 million into the Malaysian economy by supporting 6,000 highly skilled workers, as well as enabling new businesses in the economy.

“With inflation pressures easing and uncertain stock markets, we are now able to see winners and losers in a context where multiple crises overlap.

Sentral REIT said its management company, Sentral REIT Management Sdn Bhd, has accepted a letter of intent issued by MRCB to commence negotiations for the proposed acquisition.

The four are Choo Kwang Wah and Choo Kwang Bin, who are children of the late Chor Phaik Sim, the other owner of the estate, and Datuk Seri Th’ng Boon Chye and Wong Kim Fong of the Kek Lok Si temple.

The land premium for converting the land status is a “minimal” RM10,000.

This is the first settlement out of 16 suits filed by SRC International, a former subsidiary of 1Malaysia Development Bhd (1MDB), along with two other SRC's subsidiaries Gandingan Mentari Sdn Bhd and Jendela Pinggiran Sdn Bhd.

KUALA LUMPUR (Dec 16): Kamdar Bhd is disposing of a property in Bayan Lepas, Penang for RM12.

KUALA LUMPUR (Nov 26): Former attorney-general Tan Sri Tommy Thomas claimed that former prime minister Datuk Seri Najib Abdul Razak’s legal action against him for “wrongful prosecution” is a political ploy the latter used in the lead-up to the recent Melaka state election.

KUALA LUMPUR (Nov 18): The board of directors in 1Malaysia Development Bhd (1MDB) was used to make illegal transactions seem legitimate as information given to them was misleading and concealed from them, said former 1MDB director Tan Sri Ismee Ismail (pictured).