It said RM13 million will be for property development projects, RM24.03 million for working capital with the remaining RM1.15 million for the estimated expenses for the proposed private placement.
"We may actually see more international travel, perhaps beginning with intra-Asia travel."
The last MATTA Fair was held in September 2019, before the Covid-19 pandemic hit in March 2020.
The group has been operating a store in Labuan since 2016 although the Labuan outlet was not specified in Berjaya Food’s latest annual report.
Sime Darby Property said the proposed acquisition is imperative for the group in securing strategic land banks for its development pipeline in Malaysia Vision Valley.
Berjaya Starbucks Coffee Co Sdn Bhd currently has 327 stores across Malaysia, except in the state of Perlis.
Revenue fell 6.02% to RM17.14 million from RM18.23 million, due to lower promotional area income amid the restrictions on mall level activities
Gartena is a company operating in the United Kingdom and Sweden which has developed and holds the worldwide patent for the world's technically advanced, efficient and environmentally friendly Waste-2-Energy process.
Mohd Nizom, the tax agency’s deputy CEO (tax operations), is replacing Datuk Seri Dr Sabin Samitah.
In contrast, unvaccinated or partially vaccinated travellers will face a 10-day quarantine upon entry into Malaysia, said Prime Minister Datuk Seri Ismail Sabri Yaakob.
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