Ilham tower seizure: Na’imah hauls MACC to court, again
In her supporting affidavit, Na’imah, among others, claimed that MACC’s second attempt to seize the tower—worth between RM1 billion and RM1.
In her supporting affidavit, Na’imah, among others, claimed that MACC’s second attempt to seize the tower—worth between RM1 billion and RM1.
News reports said a number of bus drivers refused to ferry passengers and staged a walkout early on Monday morning at the Johor-Singapore Causeway following a recent wage cut.
The land was proposed to be sold to Ladang Lekir Sdn Bhd (LLSB), a wholly-owned unit of the Perak State Agriculture Development Corporation, for RM18.
The trust, which mainly manages retail and hospitality assets, declared an interim income distribution of 0.
Park Regent, Kuala Lumpur condo unit sold for RM11.
Datuk Rhodzariah Bujang, leading a three-judge panel together with Datuk Abu Bakar Jais and Datuk Lee Swee Seng, said they need more time to study the submissions and will inform the parties of a date for a decision in due course.
“On the surface, this revenue-sharing scheme seems lopsided and demands further detailed disclosures,” they said, noting that Petaling Jaya alone is projected to face a revenue shortfall of around RM10 million under the proposed deal.
It noted that of seven MOUs signed by SD Guthrie to develop 6,070 acres of land over the next decade, only one has reached the SPA so far.
"Even so, given its strong brand equity and parentage, we think SunCon will be able to recover from this event without impacting its new order wins materially over the longer term.
CLMT’s retail properties delivered a positive rental reversion of 10.