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This brought Leong's total shares held in Eden Inc to 55.

The auditor said the disclaimer of opinion was issued as the firm had not been able to obtain sufficient appropriate audit evidence in respect of the estimates and assumptions made in the cash flow projections prepared by Meridian's management, assuming the group will continue as a going concern.

“The rating action reflects MARC Ratings’ heightened concerns on YNH’s continued weak financial position, the lack of meaningful earnings visibility, and the protracted delays in asset disposals.

“We expect the rising momentum to steer the stock to trend higher and test the next level of resistance of 67.

Under the revised contract, SIBS is required to deliver 632 residential units in Sering district within a 36-month period, followed by a 24-month defect liability period upon issuance of a certificate of completion and compliance for each section.

The first phase will encompass the construction of commercial shop lots, an office tower, a podium car park, and Tower A facilities deck.

The approval from Bursa Malaysia marks another step forward for the IPO since the Sabah-based company, which also provides construction services for public and private sectors, filed its draft prospectus on July 7, 2023.

Khairil was previously with Iskandar Investment Bhd (IIB), a subsidiary of Khazanah Nasional Bhd, which he joined in 2007.

The Sukuk Wakalah has a tenure ranging from three to five years, offering a periodic distribution rate between 3.

Haily is expected to deliver two units of show houses and the switch station by Oct 21, 2024, in Section 1 and 218 units of double-storey terrace houses by Sept 21, 2025, in Section 2.