High Court judge Datuk Quay Chew Soon made the order during an online proceeding, after finding that Chow had successfully proven his case against Tan, who is the Penang Chinese Chamber of Commerce's life honorary president.
RHB Research said it expects SimeProp's two data-centre projects, both for Pearl Computing Malaysia, to bring RM380 million in rental income per year, translating to RM170 million to RM180 million in annual net profit.
He has, however, denied the charges and claimed trial.
The consortium came out to explain the variation of its proposal compared to certain requirements underlined by the state in its request for proposal were "best explained and clarified in a face-to-face meeting".
Cheah sold 50 million shares, reducing his direct stake in Sunway to 9.98% from 10.97% previously.
Elmina Logistics Hub is expected to be completed in the first half of 2025.
The project comprises 606 units of condominiums on Persiaran Semarak Api in Cyber 11.
Muhammad Yazurin, 49, will assume the role effective Jan 2.
Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.
Low Yat Group (LYG) has launched a buyer-referral programme to reward current Amaya @ Acacia Park homeowners, allowing them to earn a 1% commission on the net selling price of any Amaya Series 2 home.
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