News by theedgemarkets.com

The group said six shareholders, who claim to collectively hold at least 10% of its issued share capital, are seeking an EGM on Dec 3 to consider appointing six new directors and removing nine existing ones.

Previously, some transactions related to its SPV had led to its auditors raising concerns.

“(The board of directors) asked you to go and seek the advice of the CBOA ... (but) you and Jho Low misled the CBOA because you said ‘consistent with the approval of the board’."

Shafee cited the example of Petroliam Nasional Bhd's (Petronas) M&A, which he claimed was also very controversial as it granted the PM even more powers over the company than 1MDB’s did.

“If there is no debt, construction of the rail (HSR) would have continued,” said Mahathir.

In a filing with the bourse, KIP REIT had acquired AEON Mall Kinta City, which resulted in an unrealised fair value gain of RM13.2 million that was partially offset by expenses incidental to the acquisition of RM3.5 million.

Mohd Zaid also denied today that the MACC forced him to implicate Mohd Isa, while under the commission's custody.

The proposed acquisition is expected to boost its order book, which now stands at RM910 million, to RM1.8 billion on completion of the buy, Widad Group said in a statement.

Justice Datuk Nordin Hassan said this was because Deloitte PLT partner Ng Yee Hong had not exhausted his avenues, noting he has lodged an appeal to MIA's Disciplinary Appeal Board.

To do so, Putrajaya will strategically coordinate all transport safety under a single entity, according to the National Transport Policy 2019-2030 blueprint, which was released today.