News by Emir Zainul

Gadang will be calling for an extraordinary general meeting to seek its shareholders' approval for the proposed variations.

The government has also distributed the payment for the first phase of BSH worth RM300 to 4.1 million households involving an allocation of RM1.2 billion on Jan 28.

Damansara Realty said its wholly-owned subsidiary Damansara Realty (Johor) Sdn Bhd (DRJ) had entered into a sale and purchase agreement today with Malek for the purpose of the disposal.

Vertice said that the withdrawal is not expected to materially affect the earnings and net assets of the group

"BBCC [Development] has been advised and is of the view that Zelan has no legal basis for any claim against the company and will contest any proceedings brought."

30 sites with 6,816 units are unsettled due to the impact of financial problems in 2016.

In particular, affordable homeowners who want to let go of their units after the minimum holding period of two years may only be allowed to sell them to the Ministry of Housing and Local Government, said Zuraida.

Genting Malaysia said Genting UK had entered into a share purchase agreement with Sonco UK BidCo Ltd for the purpose of the disposal which is expected to net it a gain of approximately £23 million.

The project was granted to YTL via a direct negotiation by the then Barisan Nasional government.

They expect yields of around 4%-5% due to an oversupply of the instrument in the market.