News by theedgemarkets.com

"Remember I said I cannot say their names in open court because I want to take them by surprise? But trust me they are big names."

Justice Mohd Nazlan Mohd Ghazali in his decision found the prosecution has proven a prima facie case against the former premier.

This is the third construction job GDB has secured this year, bringing its year-to-date contract wins to RM865 million, a record high for the company, surpassing all its previous annual tallies.

Nonetheless, Crowe Horwath also highlighted that Zecon is taking measures to mitigate the existence of material uncertainty ongoing concern and its obligations falling due within the next 12 months.

“These conditions, along with other matters as set forth in Note 2(a), indicate the existence of a material uncertainty that may cast significant doubt on the Group’s and the Company’s ability to continue as a going concern."

In a statement with Bursa Malaysia today, Chin Hin said its subsidiaries are selling real estate assets to companies owned by Chin Hin major shareholders Datuk Seri Chiau Beng Teik, Chiau Haw Choon and Datin Seri Wong Mee Leng.

The decision was made by High Court Justice Datuk Azimah Omar in chambers today, where it was related to lawyers representing FGV and the five directors.

MSCI said changes in constituents for the MSCI Global Standard Indexes will take place as of the close of Nov 26, 2019.

“Two of the 10 WPCs have already received payment; the balance WPCs will be paid as soon as LBU receives payment from the Government,” said LBU.

Shahrol testified that 1MDB had in 2011 engaged the services of KPMG and Deloitte to mitigate risks to its investment in the Murabaha deal with PSI.