Noteworthy:
When: July 2024
She explained that these individuals were among 75 applicants who submitted Form N (a form filed to apply for an objection to be referred to court) under Section 38 of the Land Acquisition Act 1960 to challenge the compensation amount offered by JKPTG WPKL.
As at end-September, the group’s cash and bank balances totalled RM747.43 million, while borrowings stood at RM1.60 billion, according to its latest financial statements.
The contract was awarded by Exsim Bukit Jalil City Sdn Bhd to Binastra’s wholly owned subsidiary Binastra Builders Sdn Bhd.
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.
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