News by Supriya Surendran

Under the management agreement, Hilton Worldwide and/or its affiliates shall provide development and management services of the operation of the hotel.

In a statement today, Ruark denied that it had continually not complied with the JVA as alleged — or that it had not complied in any way.

Malaysian Issuing House Sdn Bhd said the IPO received 2,442 applications totalling 45.92 million units for 11.6 million units that were available for public subscription.

The draw which takes place on three occasions — Sept 19, Oct 31 and Dec 12 — is an extension of the Setia’s 40th anniversary celebration and falls under the banner of ‘Jet Set with Setia’ campaign.

It saw a net profit of RM23.51 million on a revenue of RM270.19 million in FY15.

It was previously reported that OSKH had plans to privatise PJD and that its proposed takeover of PJD had fallen through, as it fell short of the 90% required to privatise the company at the close of the offer period.

In a filing with Bursa Malaysia yesterday (Sept 7), it was revealed that OSK only held 89.36% of PJD at the close of the offer yesterday.

Sunway Bhd said it would pay the dividend from proceeds raised from the offer for sale of 398.71 million Sunway Construction Group Bhd shares. Sunway Bhd said the ex-date for the dividend is this Sept 30, while payment will be made on Oct 16.

The impressive jump on earnings was mainly due to the higher fair value gain recorded by Sunway Real Estate Investment Trust (Sunway REIT).

The group is also proposing an interim dividend comprising a cash dividend of one sen per ordinary share, and a share dividend via a distribution of treasury shares on the basis of one treasury share for every 100 ordinary shares held, with fractions of treasury shares to be disregarded.