Noorazman Abd Aziz is UEM Group's chairman
Noorazman is a long-standing board member of the group.
Noorazman is a long-standing board member of the group.
This is compared to a RM835,000 net loss a year ago.
It also seeks to diversify into construction, property development.
Sunway said the proposed acquisition will enable it to penetrate and expand into the Sabah pavement market.
The losses were caused by the provision for impairment of balance sales proceeds from the sale of Berjaya (China) Great Mall Co Ltd.
In its report yesterday, the Australian Financial Review said Mara showed a A$1.2 million loss on the asset in 2016 after it became vacant.
The extension this time is for 12 months until Dec 16, 2018.
GWSB is also seeking any other assessment of damages, and costs for the dismissal of Aeon’s suit and counterclaim.
“Upon Everise becoming a subsidiary of the group, the group’s net assets is expected to increase by RM67.95 million…”
The properties are in Penang, Perak, Selangor, Kuala Lumpur, Negeri Sembilan, Melaka, Johor, Sabah and Sarawak.