South Malaysia Industries gets takeover offer at 45 sen per share
However, the offerors led by Leong intend to maintain the listing status of SMI on the Main Market of Bursa Malaysia.
However, the offerors led by Leong intend to maintain the listing status of SMI on the Main Market of Bursa Malaysia.
For context, IBTEC, which has a GDV of RM27 billion, is set to become a major circular city within the proposed Johor-Singapore Special Economic Zone in the southern region.
EcoFirst expects to commence development on the Kajang land in the first quarter of 2025, with the development period spanning three to four years.
Setia Homefest will showcase developments in Setia Eco Glades, Setia AlamImpian, Setia Eco Park, Taman Rinting in Johor and Aeropod in Kota Kinabalu, among others.
"We are unsure whether the learned DPP will request for a reinstatement of the case, or file a revision to the High Court to revise the Session Court judge’s decision.
On Aug 7, Ahmad Shahrir directed the registrar to transfer the 263.
The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.
The appeal was scheduled to be heard before a three-member Court of Appeal bench led by Datuk P Ravinthran, but following the discontinuance of the appeal, it was struck out.
This contract is deemed as a recurrent related party transaction, as Datuk Tee Eng Ho, the non-independent non-executive chairman and major shareholder of Kerjaya Prospek, also serves as the executive chairman and major shareholder of Eastern & Oriental Bhd.
In a bourse filing, the group said the disposal of the land, located in Taman Mastiara, off Jalan Ipoh, presents an opportunity to generate cash flow for its development projects.