News by Emir Zainul

Shafee cites a letter advising ex-PM to buy shares from MB Inc

The former premier's lead counsel Tan Sri Muhammad Shafee Abdullah alleged that the businessman, better known as Jho Low, pulled this move to impress the Terengganu government.

In a filing with Bursa Malaysia yesterday, Hubline said it had entered into an agreement with Absolute Privilege’s director Pau Chiong Ching for the acquisition of all of his 1.5 million shares in the company, representing a 75% equity interest, for RM16.37 million.

Tadmax said its wholly-owned subsidiary Tadmax Indah Power Sdn Bhd received a letter from the Energy Commission (EC) today, notifying that the government of Malaysia had agreed on Aug 29 for the development of the project to proceed.

In a filing with Bursa Malaysia yesterday, UEM Edgenta said the shareholders of ETSB have mutually agreed to terminate the JV agreement, with the intention of winding up ETSB.

Forecasts of further OPR cuts are stoking interests in dividend stocks, including REITs.

In a filing with Bursa Malaysia yesterday, Sunsuria said Koong Wai Seng, 52, resigned "to pursue other personal goals and interests".

Sime Darby Property will see its industrial and logistics development start contributing to its revenue from 2021 onwards, according to chief transformation officer Fairuz Radi.

KPJ Batu Pahat Specialist Hospital is a seven-multi-storey purpose-built hospital building with a built-up area of 157,500 sq ft comprising structures, landscaping, installation, facilities and infrastructure together with car parks.

KLCCP Stapled Group proposed a distribution per stapled security of 8.8 sen — comprising 6.23 sen for KLCC REIT and 2.57 sen for KLCC Property — to be paid on Oct 4.