Country Group Securities linked to Jho Low’s father, says defence

KUALA LUMPUR (Oct 9): The defence in Datuk Seri Najib Abdul Razak’s 1Malaysia Development Bhd (1MDB) trial has revealed that Thailand-based Country Group Securities Pcl, which was involved in the flipping of a RM5 billion Islamic medium term notes (IMTN) issued by the fund in 2009, is linked to Tan Sri Larry Low Hock Peng — the father of fugitive Low Taek Jho.

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DONE DEAL: Serviced apartment, D'Esplanade Residence, Taman Abad, Johor Bahru

Sold for: RM570,000 (about RM599psf) Concluded by: Usha A/P R Lachumanan (REN 17124) of Gather Properties Sdn Bhd (016-720 0135) When: August 2019 Noteworthy: ● Freehold ● 2 bedrooms and 2 bathrooms ● Built-up: 952 sq ft ● Fully furnished with fridge, sofa, cabinets, TV, mattresses, air-conditioners, water heaters Read also DONE DEAL: Courtyard apartment, Adora, Desa ParkCity, KL DONE DEAL: 3-storey terraced house, Halamanda @ Gombak, Selangor Sitting on top of KSL City Mall in Johor Bahru and surrounded by ample amenities, including eateries, supermarket and bank, D’Esplanade Residence is accessible via Tebrau Highway and Jalan Tun Abdul Razak.

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Gerakan: Penang can build its own PPR homes

GEORGE TOWN (Oct 8): The Penang government should go ahead with building People’s Housing Project (PPR) in the state without the need for the Federal government “to initiate” it, said state Gerakan chairman Oh Tong Keong.

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Ann Joo, Southern Steel join forces

KUALA LUMPUR (Oct 8): Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) are joining forces via a 55:45 joint venture (JV) company to synergise opportunities in the long product steel manufacturing business.

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