In a filing with Bursa Malaysia, the steel products maker said the sale to ISEC (Penang) Sdn Bhd is expected to result in an estimated loss of RM81,000 to the group, after taking into consideration the estimated expenses of RM181,000 for the disposal.
Saadatul Nafisah described Arul Kanda as an intelligent man who took over the reins of 1MDB on Jan 5, 2015, and had "worked very well" with her.
The recording captures a meeting on Feb 24, 2016, chaired by the then-Chief Secretary of the government Tan Sri Ali Hamsa, which discusses omissions and changes to the final 1Malaysia Development Bhd (1MDB) audit report before it was handed to the Public Accounts Committee the next month.
The sale of the land to Liansheng Paper (Malaysia) Sdn Bhd provides the group the opportunity to unlock the value of the land, Kossan said.
"Major works are expected to be completed in 2022 and MRT2 will become fully operational by 2023."
The senior counsel asked the witness whether the NAD was forced to make changes to the report, and told her to point out these instances, based on the transcription of the recording of the meeting held on Feb 24, 2016.
In a statement, PNB said Kartini had served in various capacities throughout her stint with the fund management company.
In a statement today, the think tank said it believes that the announcement will put a stop to speculations surrounding the country's biggest highway concessionaire.
"Hopefully, forgoing the Touch 'N Go top-up charges at all stations along NSE, as a start, will give our customers one less worry when travelling or fuelling up at Shell during long journeys."
Justice Datuk Indera Mohd Sofian Abd Razak allowed the application today, as there were no objections.
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