Without the proposals, Seacera said it will be in a grave financial condition in view of the group’s dire need for funds to address its critical liquidity concerns.
Its executive director and chief executive officer, Datuk Hisham Othman, said Hektar REIT's strategy is to own malls in geographically diverse locations.
“Under the current agreement, we find that the fare to be charged to commuters is on the high side. Thus, both parties have agreed to work together on lowering the ticket price, in order to encourage more people to use the RTS service once it is completed,” Loke said.
“We are ready in terms of technical readiness as we have invested a lot of money over the years in terms of equipment and also for air traffic control readiness,” said Loke.
Scomi entered into a deal for Prasarana to acquire seven new four-car train sets for the Rapid KL Monorail route.
"We will respond to them once we have received the suit. We have not received in writing right now."
The partnership will see it and CCL jointly bid for projects in Yangon, Mandalay.
The new job involves the construction of a 1.23-km marine bridge connecting a receiving terminal to a man-made island, and a 284m long road embankment, and includes soil investigation, foundation, a temporary bridge and a working platform, together with environmental protection works, Gamuda announced in a stock exchange filing yesterday.
Sales picked up with launch of homeownership and financial packaging schemes.
It expects the talks to culminate in some deals that will be completed within the next two years.
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