Utusan is valued at only RM8m in market cap
Utusan shares' highest price on record was RM7.66 on March 31, 2000.
Utusan shares' highest price on record was RM7.66 on March 31, 2000.
Nonetheless, the group is optimistic of its future prospects.
OSK holds a 51% participating interest and Marubeni the balance 49%, to jointly develop, operate and maintain the LSS3 project.
“Sorry, I am not aware of such plan,” said Baru.
DFI has neither confirmed nor denied the authenticity of the list that went viral on social media.
Seacera said the claim is in relation to facilities of RM5.16 million and RM31.3 million provided under the Commodity Murabahah Revolving Financing-i scheme.
The trial for the suit that had been fixed on Sept 17 will continue as scheduled, according to the lawyers.
However, defence lead counsel Tan Sri Muhammad Shafee Abdullah requested that the trial to be postponed until Sept 3 this year.
Justice Sequerah will decide on his own today whether to start the 1MDB case today as the Federal Court last week did not allow the postponement of the trial.
Vizione said proceeds from the proposed private placement will be used to part finance the group’s existing construction projects, as well as for payment of tender/contract deposits and/or performance bonds for new projects.