News by Surin Murugiah

The group purchased the shares from Eco Geotechnics director Goh Eng Ngai, who holds an 84% stake, Tan Loo Loo (10%), and Wong Choo Keong (6%).

The group is selling the factory (inclusive of ancillary equipment and machinery) and the 60-hectare plot of leasehold land to Sinong Pelita Oil Mill Sdn Bhd

"Tech companies and co-working spaces are anticipated to drive the office market for the coming few quarters."

Mulpha said the 31-year-old property is a 4-star hotel with 242 guest rooms, occupying 7,444 sq m. As at Dec 31, 2018, the audited net book value of the property stood at A$35.8 million.

Currently, the group’s total undeveloped landbank stands at 191 hectares, which has a potential gross development value (GDV) of RM5.3 billion, to be developed within five to seven years.

The contract is for the proposed Dual Lane Road from Al-Islah Junction to Al-Jabayish at Nasirya City.

At 10.24am, KAB dipped 0.5 sen to 20.5 sen for a market capitalisation of RM72.57 million.

In a report on Wednesday, The Wall Street Journal (WSJ), citing people familiar with the matter, wrote that the investigation into Deutsche Bank has been helped in part by a former Goldman Sachs Group Inc executive, Tim Leissner, who is cooperating with authorities.

At 9.19am, I-Bhd shed 0.5 sen to 37 sen for a market capitalisation of RM375.28 million.

"This is in line with the presumption of innocence and Article 5(1) of the Federal Constitution."