News by Wong Ee Lin

“Two of the 10 WPCs have already received payment; the balance WPCs will be paid as soon as LBU receives payment from the Government,” said LBU.

Its 75%-owned unit Sentoria Langkawi Sdn Bhd is planning to sell the 35-acre leasehold plot for RM49.5 million to I Strada Sdn Bhd. Sentoria Langkawi has accepted a Letter of Intent (LoI) for the proposed disposal yesterday.

Its indirect subsidiary Trilink Essential has entered into a SPA with Cosmopolitan Avenue for the commercial parcel measuring 17,422 sq ft located at level 1, within zone 2 of the commercial complex.

The REIT attributed the higher earnings to contribution from the newly-acquired Sunway university and college campus and better performance across all segments.

The proposed disposal is via a SPA entered between its unit Active Trio Deluxe Sdn Bhd (ATDSB) and Acter Carton Enterprise.

In the course of two and a half years, the Perak State Development Corp (PKNP) subsidiary has had four different CEOs.

His appointment confirms a report by theedgemarkets.com, in August, citing sources that Rahman may be appointed Sime Darby chairman.

“Save for the aforementioned extensions, all other terms contained in the offers shall continue to be in full force and effect,” the company said.

Ong, 54, vacated his post “pursuant to Paragraph 15.05(3)(c) of the Main Market Listing Requirements of Bursa Malaysia Securities Bhd”, according to a filing with Bursa Malaysia today.

The court has fixed case management on Nov 21.