In a bourse filing today, the oil and gas, and construction group announced it would be acquiring Nathan’s Vahana Offshore (M) Sdn Bhd, which owns the Vahana Aryan liftboat and Vahana Arjun – the construction of which will be completed in 2021.
It will also accelerate planned investment projects by government-linked companies this year including one involving 1,400mw of solar power generation to flush more money into the economy.
It addresses the association’s two main concerns directly — to ease cash flow and financial burden as well as to drive tourism.
Dr Mahathir also announced that Bersatu president Tan Sri Muhyiddin Yassin could possibly become a candidate for the prime minister’s post.
The offer was received today via a letter dated Feb 21, 2020, Avillion said in a stock exchange filing today, in which it described Guangxi East Hangyang as “a foreign company unknown to Avillion”.
The group achieved RM3.1 billion in sales this year, exceeding its RM2.3 billion target by 35%, it said in a statement.
Interim prime minister Tun Dr Mahathir Mohamad to unveil stimulus package on Feb 27 as scheduled.
The higher net profit was despite a 6.83% decline in revenue to RM1.35 billion during the quarter, from RM1.45 billion, due to lower contributions from its other divisions.
The property developer said the two programmes will be used to refinance existing borrowings, as well as to purchase new land and refinance working capital requirements.
Chief Secretary to the Government Mohd Zuki Ali: As such, the duties of the administrative members (including the deputy prime minister, ministers, deputy ministers and political secretaries) have been halted on the same date.
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