Mah Sing plans new launches worth RM2.2b; profit drops 25% in FY18
Revenue for FY18 was also lower at RM2.2 billion against RM2.92 billion in FY17.
Revenue for FY18 was also lower at RM2.2 billion against RM2.92 billion in FY17.
Its managing director and chief executive officer Datuk Soam Heng Choon noted that its order book, which is at its near-record high, will provide earnings visibility over the next few years.
A channel check shows that prospective buyers were told the new completion date will likely be delayed to next year.
Sharil was speaking at the Nomura Islamic asset management 10th anniversary investment forum here today.
Based on poll results at the extraordinary general meeting (EGM) here yesterday, SPB said 76.301% of its disinterested shareholders, representing 99.023% in value of the total disinterested votes, voted for the plan.
“The results of the poll were validated by GovernAce Advisory & Solutions Sdn Bhd, the independent scrutineer appointed by SPB.”
MCCC, in a statement today, called for non-governmental people and organisations to allow sufficient space and time for both governing authorities to carry out negotiations, which it hoped could end up minimising losses or achieving a win-win solution.
Goldman Sachs said that the charges against the bank are “misdirected”, and that it will “vigorously” defend against them.
“Now we have bees in klia2. We got maggots, rats and now bees. Maybe a zoo or KLIA2 honey. Could be new income which could reduce airport tax," tweeted Tony Fernandes.
They both dismiss WSJ report that Beijing made the offer in exchange for contracts