"When you suspend a project, it does not mean just suspend, because some contractors have built in breakage of terms, so you have to pay that for suspending or cancelling their contracts."
His main task is to restructure debts as finance costs are very high — source
In a filing with Bursa Malaysia, IGB said the transfer will be undertaken by way of a dividend-in-specie to be declared by IGB Corp out of its available profits to IGB.
CEO believes there are still many private sector-driven projects in the market.
Moving forward, MB World said it expects performance for 2HFY18 to be "satisfactory", driven by contributions from its property development projects in Johor and Melaka.
"Even the police could not summon him (Low) then, (so) how is it possible for PAC to summon him?”
Pua said this is because in the case of acquisition, the government intends to only make compensation based on construction cost, as stated in the concession agreement.
Azmin said the CEP has no power to make any “governmental decisions”, as that authority belongs absolutely to the Cabinet.
"The assets are transferred to us and we will lease it to Air Selangor, and Air Selangor will take over the whole management including O&M."
“Gamuda will be out of the picture, that is the whole purpose of the deal.”
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