On property development, the group is targeting RM1.6 billion in sales for FY20 — comparable to last year’s sales. It has secured RM480 million as at end-1QFY20, and plans to launch RM1.5 billion worth of properties this year to drive sales.
This was the view of Najib's former political secretary Datuk Wong Nai Chee, 50, who was called as the fifth prosecution witness in the trial of the former premier's alleged involvement in money laundering and abuse of power in relation to funds from 1Malaysia Development Bhd (1MDB), otherwise known as the 1MDB-Tanore trial.
The group now has four stores in Vietnam and has closed down its only store in Myanmar last December. Parkson's Indonesia operations also recorded a negative SSS growth of 2% amid the soft consumer sentiments and competition. It owns and operates 15 stores there.
The property developer's managing director and chief executive officer Anwar Syahrin Abdul Ajib said there will be fewer property projects launched in the first half of next year, but this will pick up in the second half, which will see the bulk of its offerings or RM1.57 billion worth of properties launched.
Hua Yang will be launching new properties with a total estimated Gross Development Value (GDV) of RM494 million.
Noorhaina Hirawani Mohd Noor, who was formerly seconded to the Prime Minister’s Department from sometime in 2013 till Aug 2014, said she helped set up Orb Solutions Sdn Bhd to serve as a digital agency for Najib to manage his personal online communications and assets, such as his personal websites, social media, and any other activities that are considered online-to-offline conducted from time to time.
Advancecon had previously secured two separate packages of WCE: from Assam Jawa Interchange to Tanjung Karang Interchange, and the Banting Interchange to South Klang Valley Expressway Interchange.
The three witnesses are former Kota Melaka MP Datuk Wong Nai Chee, who was Najib's adviser in Chinese affairs, Batu Kawan Umno division chief Datuk Mohd Noor Ahmad and Companies Commission of Malaysia officer Rafidah Yahya.
Sime Darby Property said the group's future prospects are underpinned by its continuous commitment to grow core profit, reduce inventories, and to maintain its sales momentum
The co-working space business is expected to be a growth story in Paramount.
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