News by Adam Aziz

"We are quite satisfied that the recordings were authentic."

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.

“Our order book is currently RM1 billion with bids for RM1 billion mostly for infrastructure projects,” explained TSR Capital executive director Joshua Lim. “We have our own fleet of machinery and we want to make use of that."

At TSR Capital's extraordinary general meeting (EGM) today, all shareholders approved the 70% stake sale in U-Ni Magna Sdn Bhd for RM18.59 million cash to Ivory Code Sdn Bhd, in which Lim owns 25%.

The three are former Eastern & Oriental Bhd (E&O) managing director Datuk Seri Tham Ka Hon (RM4.18 million), former Fututech Bhd chief executive officer Loo Soo Long (RM2.11 million) and Chu Yoke Fong (RM1.39 million).

Litrak said a share of higher profit in its 50%-owned associate Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT) amounting to RM4.8 million in the current quarter, also contributed to the group's higher net profit for the quarter.

Solarvest was also the day’s most active counter on Bursa, with 262.94 million shares traded.

Yeo said there is lack of power supply in the central region, coupled with the limited transmission capacity from the northern and southern region that will not be able to feed the demand in case there is power shortage in the central region.

The shareholders are Ng Wai Yuan, Datin Sek Chian Nee, Low Swee Foong and Datuk Tan Wei Lian

This means the government would then lose out on corporate taxes and income taxes as a big part of taxes are paid by tycoons, he said.