News by theedgemarkets.com

The ICPS will be issued to shareholders at an entitlement date to be fixed on the basis of three ICPS for every four shares held and one free detachable warrant (Warrant B) for every four ICPS subscribed for.

KMK Power Sdn Bhd and KMK Green Ventures Sdn Bhd, both subsidiaries of KNM Group Bhd, filed the suit against Widad Builders Sdn Bhd (WBSB) and BSI on Nov 6, Widad said in a filing with Bursa Malaysia. 

The High Court was told that there are no other claims, including from fugitive businessman Low Taek Jho.

The silver lining is that the gradual resumption of several major infrastructure projects, such as the East Coast Rail Link, Mass Rapid Transit 2, Pan Borneo Highway, Bandar Malaysia, and Johor Bahru-Singapore Rapid Transit System, will help provide some growth support.

Najib is claiming trial before High Court judge Justice Mohamed Zaini Mazlan today to tampering with the final 1Malaysia Development Bhd (1MDB) audit report while Ahmad Zahid is claiming trial today to 47 charges.

ASM Development also accuses IJSB of delaying completion of the works, and also claims the undertaken works were defective.

PNSB Acmar Sdn Bhd, a unit of Bandar Baru Klang township developer Acmar Group, named Prasarana and SunCon’s unit Sunway Construction Sdn Bhd (SCSB) as defendants in the suit filed on Thursday, SunCon said in a filing with Bursa Malaysia yesterday.

"When we look at it, what has sustained our growth are the diversified nature of our economic structure and the diversified nature of our exports in terms of our products and markets, which have helped cushion the impact of a more challenging external environment."

GDB said the construction work of the 3S (sales, service and spare parts) Autohaus comprises a seven-storey block, which consists of a ground floor and six storeys with two mezzanine floors, as well as a rooftop.

"We are not on any preset course. We continue to monitor the external developments and how they may affect our outlook for growth and inflation.”