Former PM Datuk Seri Najib Razak last week filed a suit against the bank and the banker over the management of accounts under his name used to divert funds from SRC International Sdn Bhd.
Reviewing its performance, JKG Land said its higher revenue and net profit were contributed by its property development segment.
Crest Builder said the contract is expected to contribute positively to the group's earnings and net tangible assets for the financial year ending Dec 31, 2020 (FY20) and onwards.
In a filing by EcoWorld, it said its subsidiary Melia Spring Sdn Bhd has inked a conditional sale and purchase agreement with RRSB, which is 80%-owned by Iskandar Investment Bhd and 20% owned by Iskandar Coast Sdn Bhd, a unit of Iskandar Waterfront.
Deputy Public Prosecutor Norinna Bahadun had applied to have the case against Goldman Sachs International and Goldman Sachs (Asia) LLC tried at the High Court.
The land is located in Iskandar Puteri next to EcoWorld's Eco Botanic township, the group's very first township project in Iskandar Malaysia. It is proposed to be developed into a mixed residential and commercial township development suitable for both first-time home buyers and the M40 group.
On Friday (Dec 13), sources familiar with the matter revealed that IWH-CREC Sdn Bhd and the Ministry of Finance (MoF) will sign a reinstatement amended share sale agreement tomorrow (Dec 17) to finalise the terms and details relating to the divestment of the 60% equity interest held by the government in the development project.
The joint-venture IWH-CREC Sdn Bhd and Ministry of Finance (MoF) will sign a reinstatement amended share sale agreement this coming Tuesday to finalise the terms and details relating to the divestment of the 60% equity interest held by the government in the development project, according to sources familiar with the matter.
“Deloitte takes its responsibility as an audit firm seriously, and is disappointed that the SC has dismissed our application for a review of the administrative sanctions, and has maintained its previous decision on the sanctions," the firm said in a statement yesterday.
Earnings per share for the quarter ended Oct 31, 2019 rose to 7.02 sen from 6.97 sen previously.
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