Litrak accepts MoF’s takeover offer for toll concessionaires
On June 21, Putrajaya offered to take over the four toll concessionaires owned by Gamuda and Litrak Holdings for RM4.5 billion in cash, excluding borrowings.
On June 21, Putrajaya offered to take over the four toll concessionaires owned by Gamuda and Litrak Holdings for RM4.5 billion in cash, excluding borrowings.
Yong Tai said the agreement was terminated due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement.
The term of the contract is for a period of 20 years, commencing July 1, and renewable for another 10 years.
Atrium REIT announced that Pacific Trustees Bhd, the trustee of Atrium REIT, has accepted the letter of offer dated June 20 from PNB, in relation to the proposed acquisition.
"Our track record is proven as the general contractor specialising in bore piling, foundation work, bridge construction and flood mitigation works."
... while revenue declined by 32.1% to RM273.34 million from RM402.41 million.
At the Kuala Lumpur Court Complex today, Rosmah's lawyer Datuk Geethan Ram Vincent requested High Court judge Mohamed Zaini Mazlan for a stay compliance to reply to the asset declaration notice pending his client's appeal.
Ismee stuck to his guns amid arguments by defence lawyer regarding discrepancies in SRC documents.
Ismee told the High Court here today that the board was unaware of several cash transfers that took place.
Ismee said he only got to know now that some of the personnel in SRC were close associates of the runaway businessman.