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Under the settlement, JAKS-KACC JV is to pay Teknoserv RM9.

In a filing with Bursa Malaysia on Tuesday (July 4), TWL said its wholly owned subsidiary Kejuruteraan TWL Sdn Bhd and LJ Development had mutually agreed to terminate the memorandum of understanding that both parties had entered into in June 2017.

DONE DEAL: Serviced residence, Genting Highlands, Pahang DONE DEAL: Bungalow, Bukit Damansara, Kuala Lumpur Located within the confines of Bukit Damansara, Kuala Lumpur this property offers a secluded and secure residential area with gated-and-guarded access.

“Right now, under the current act (law), we have to get 100% consent from the residents (of the identified projects) to implement a redevelopment [plan], which is not possible… We will be coming out with a new act soon, to speed up the progress of the redevelopment projects.

“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.

The court also considered that there was no approval from the land owner for True Renaissance to continue with the project.

The remarkable increase of SkyWorld’s PAT was contributed by revenue generated from ongoing projects such as SkySierra Residences (The Valley), EdgeWood Residences, SkyVogue Residences, SkyAwani III Residences, SkyAwani IV Residences, SkyAwani V Residences and the sales of completed inventories mainly from SkyMeridien Residences.

“This new development will reinforce SCIB’s financial stability and robustness and pave the way for future growth opportunities, thus creating long-term shareholder value.

Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.

GUH said it agreed to the out-of-court settlement, as continuing the legal dispute is costly and time-consuming.