“The contract will have no effect on the issued capital of the company and is expected to contribute positively to the earnings of Dayang over the duration of the contract,” it said.
According to its filing with Bursa Malaysia, realised property income rose 19% to RM53.56 million in 1QFY19 from RM44.95 million a year ago, as revenue climbed to RM53.77 million from RM45.09 million.
MMC said the termination is on the grounds of national interest, and will take effect five months from April 22.
This includes the RM42 million said to be channelled into the bank accounts of former premier Datuk Seri Najib Razak, who is facing seven charges in relation to the misappropriation of SRC funds.
On Nov 15 last year, Rosmah pleaded not guilty in the Sessions Court here to two counts of receiving bribes, totalling RM1.5 million, in the implementation of the project to supply and install solar energy at 369 rural schools in Sarawak two years ago.
Abu Talib testified that he received cheque worth RM300,000 from the former PM, PMO.
Deputy public prosecutor Datuk Raja Rozela Raja Toran said the prosecution had on April 9 filed an application to transfer his two cases — entailing 35 counts of graft and 16 money laundering charges — given the high-profile nature of the case, based on Musa's previous tenure as Sabah chief minister and the amount of funds involved.
Speaking to reporters after wrapping up day five of Najib's SRC trial, Shafee said the witness could not locate the documents today but added that Ahmad Farhan should be able to produce the documents on Monday. "I'm sure by Monday he will be able to get it. If he doesn't find it, we will find it for him. Because we have got copies, trust me," he said
An analyst said the main focus for new tenders would be the realignment from Mentakab into Negeri Sembilan and Selangor — the new Southern Alignment — which will provide a direct link from Kuantan Port to Port Klang.
The news pulled its share price down near 4% from RM1.30 to settle at RM1.25 last Friday.
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