The project, featuring three blocks of serviced apartments worth RM700 million in gross development value (GDV), will be launched within the next year and start contributing to the group’s top line, said YNH general manager James Ngio.
A report says he has been a citizen of The Republic of Cyprus for four years, and has bought a house for 5 million euros there.
Media Prima expects the restructuring exercise to be completed by the first quarter of 2020 and said that it will pay affected employees in full upon the fulfilment of all legal requirements.
MACC chief commissioner Latheefa Koya said they had initially asked to be exempted from having to pay back the funds they allegedly received.
The buyer is Hemat Tuah Sdn Bhd, which currently owns the other 55% stake in the company, Tropicana Ivory Sdn Bhd (TISB).
Ooi holds a 17.38% stake in Heng Huat through Skylitech Resources Sdn Bhd. He is the second largest shareholder of the company.
SC Estate Builder has entered into an MoU with Dekad Aliran for a proposed collaboration in the solar power business under an engineering, procurement, construction and commissioning structure.
In filings with Bursa Malaysia today, Mudajaya said Ample Full Profits Ltd owns a 90% stake in Yakin Setiamas while Chamber Jewels Ltd hold the remaining 10%.
Justice Sequerah's decision stems from the fact that he is also presiding in Najib's 1Malaysia Development Bhd-Tanore trial.
In the course of two and a half years, the Perak State Development Corp (PKNP) subsidiary has had four different CEOs.
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