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The group is selling the two-storey and one-and-half-storey factories, located on leasehold land in Taman Perindustrian Kinrara, to Sedaya Rasmi (M) Sdn Bhd.

Rosmin joined Sime Darby Property Malaysia in June 2018 as the senior vice-president for Malaysia Vision Valley project.

GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.

"Local economists believe that Malaysia will not enter a recession, although the rate of growth is expected to slow down.

As at Nov 30, 2022, AZRB said discussions were still ongoing and as such, AZSB did not make payment that was due.

Classita said it aims to raise a minimum of RM30 million, hence it is still in the midst of finding other underwriters to underwrite another 200 million shares worth RM20 million.

The group is looking forward to this partnership, which further reinforces the group’s sustainability agenda, particularly its commitment to reducing carbon emissions.

Post election, it noted, there are uncertainties over the timing of mega infrastructure rerating catalysts.

iMAZING Realty group director, Gary Lok: It will enhance our brand image to help prospective clients get a sense of what it might be like to work with us in helping them get their dream properties.

If found guilty, the duo could face imprisonment of between six months and five years, with whipping, and are also liable to a fine.