Bustari agrees to forfeit RM3.68m linked to 1MDB
As a result, the MACC had today agreed to withdraw its forfeiture action against Bustari.
As a result, the MACC had today agreed to withdraw its forfeiture action against Bustari.
The suit will now be heard before a new High Court judge, Justice Datuk Rozana Ali Yusoff.
Meanwhile, revenue dropped 5.39% to RM388.16 million from RM410.26 million, whereas earnings per share (EPS) for the quarter declined to 1.35 sen from 1.75 sen last year.
"He had offered his services pro bono (free) to DBKL for the case. When the offer was referred to the legal firm representing DBKL in this case, the firm agreed to accept the offer," said the minister's office in a statement.
No comparative figures were disclosed for the current quarter, following the company’s change in its financial year-end from April 30 to June 30, 2019.
This resulted in a higher earnings per share of 5.18 sen for 3QFY19 compared with 3.06 sen for 3QFY18.
The project is slated to commence on Dec 2 and to be completed by Dec 2, 2021.
This resulted in a higher earnings per share of 2.48 sen for 1QFY20 compared with 2.03 sen for 1QFY19.
London's announcement today came following a visit by the UK’s Environment Agency (EA) organised by the British High Commission in response to news of the illegal shipment of plastic waste from the UK.
"Our associate company Solarvest, slated to debut on the ACE Market of Bursa Malaysia on Nov 26, is planning to raise RM34.59 million from its initial public offering (IPO)."