IOI Corp redesignates Abdul Wahid Omar as its new chairman
Abdul Wahid, 61, succeeds Tan Sri Peter Chin Fah Kui, who retired on Tuesday after serving on the board since December 2014.
Abdul Wahid, 61, succeeds Tan Sri Peter Chin Fah Kui, who retired on Tuesday after serving on the board since December 2014.
The counter dropped to a two-month low of 78.
The latest job would be the company’s fifth data centre-related contracts, bringing the total value in the segment to RM1.
Key hotspots include Johor, Bukit Jalil, and Cyberjaya, where a surge in construction activity is expected to continue into the coming years.
Following recent acquisitions, Avaland has about 187 acres of land bank with an estimated gross development value of RM11.
Jack Yap’s journey from a steady performer to a top achiever in real estate was not marked by one big leap, but by a series of small, intentional shifts.
Gurdial told the court that there was bad faith when the MACC issued the second seizure notice of Ilham Tower just before the expiry of the first notice.
AWC also proposed the establishment of an employees’ share option scheme (ESOS) of up to 15% of its share base.
The recapitalisation also includes a proposed asset injection involving selected property-related assets valued at up to RM50 million, to be acquired by Ireka at a "mutually agreed discounted valuation based on an independent assessment".
He added that transient disruptions like the one recently experienced in Johor should not have a significant impact on DC operations in the short term.