News by The Edge Financial Daily

The proposed plan, which entails the establishment and listing of the REIT onto Bursa Malaysia’s main market, will make it the group’s second REIT after its retail REIT, IGB REIT, which was listed in 2012.

“Our goal here is to increase Mudajaya’s revenue and profit. What we will do is to try our best to put in resources like capital and business relationships, to make the company great again. It has huge potential and is undervalued,” Kuo said.

“There were passages in that report that caused concern to Najib though they were true in fact ... He took positive steps to have those passages altered or removed ... Despite the report was ready to be placed before the PAC in Parliament, a meeting was convened on Feb 24, 2016 at Najib’s behest ... As a result of what transpired at that meeting, the relevant passages were amended or removed.”

An advertisement that appeared over the weekend for the assets states that the sale of the building is being conducted through a tender exercise.

Halim’s surprising bid came shortly before the cut-off date, which is today, for Minister of Finance (MoF) Inc, Gamuda and Litrak to negotiate and finalise the terms of a definitive agreement.

“Companies in these markets are perceived to be able to provide higher salaries and support healthier work-life initiatives. These markets also have better currency exchange rates, appealing to locally-based talent,” said Randstad in a statement yesterday.

After reinventing its Menara HLA by offering co-working and co-living spaces, Tower REIT, part of the Hong Leong Group, is also looking to revamp another asset in an attempt to improve occupancy and net property income.

Start-ups coming here will gain access to funding, market, data and marketing opportunity.

“Which means anyone can accuse you of not having adequate procedures. The onus is on you to prove you did have adequate procedures. But how adequate is adequate?”

Justice Datuk Ahmad Bache yesterday dismissed the striking out application by Lee & Man Paper Manufacturing Ltd and Grant Thornton Consulting Sdn Bhd.