News by Arjuna Chandran Shankar

In a statement, the bank said the employee is currently under quarantine and the affected office will be temporarily closed tomorrow.

UEM Sunrise said its wholly-owned unit UEM Land Bhd is disposing of 20% of its 60% stake in Aura Muhibah Sdn Bhd to KLK’s property development arm KLK Land Sdn Bhd for RM182.6 million.  

However, on a y-o-y basis, the retail REIT saw its NPI decline by 33.16% from RM91.08 million in 3QFY19.

The bank's loan and financing payment assistance programme is for both individual and SME customers.

Total trust income came in 6.13% higher at RM57.17 million compared with RM53.86 million previously, according to the REIT’s filing with Bursa Malaysia.

The group said a discount by Tenaga Nasional Bhd helped reduce expenses to RM4.2 million.

On the rationale for the HOAs, UEM Sunrise said for phase 3 of the SILC, it has decided to collaborate with AME Elite Consortium to develop an integrated industrial park development.

The group said its unit Sea Resorts Development Sdn Bhd (SRDSB) had obtained a money lending licence, valid from Sept 21, 2020, from the Ministry of Housing and Local Government (KPKT) yesterday under the Moneylenders Act 1951 and Moneylenders (Control and Licensing) Regulations 2003.

Liew still controls a direct stake of 9.41% and an indirect stake of 5.29%.

Upon completion of the debt restructuring and capitalisation exercise, the company's issued share capital would more than quadruple to 2.79 billion shares, while its gearing would drop to 0.34 times from 0.9 times as of end-2019.