News by Arjuna Chandran Shankar

YTL Land said "this will be the final extension" for the offer's closing date.

The group said the agreement between its wholly-owned unit UEMS (La Trobe Street) Pty Ltd and The Trust Company (Re Services) Ltd (TCL), a trustee for the Ascendas Australia Hotel Trust, had been terminated on a mutual basis following disagreements over the specifications of certain aspects of the apartments earmarked for sale.

The latest contract wins bring its total outstanding order book to RM2.39 billion.

“Funds that can be returned to SRC through these efforts will be used for the repayment of borrowings from KWAP. At the same time, this will reduce the government’s burden to repay the loan on behalf of SRC and enable the government to make a larger (fund) allocation for economic development and the people's welfare," Lim said.

The group said the one-year credit facility will also be used to help defray expenses from its Klang Valley development projects.

In a Bursa Malaysia filing today, I-Bhd said group revenue fell to RM42.21 million from RM107.16 million.

"The new launches from The Peak and The Conlay will then drive our unbilled sales, because our strategy for the past three years is not conduct new launches but focus on our existing inventory."

With the group's property project in Genting Permai being completed this year, its property development segment also contributed lower earnings.

In Singapore, Selangor Dredging's ongoing development One Draycott will be aimed at customers from Hong Kong and Mainland China. One Draycott is located in District 10, Singapore.