Under the agreement, China Railway Dongfang will bring in and secure the cooperation of industry experts and specialists, and transfer technology to promote and undertake large scale joint investments in various industries in Malaysia.
Solarvest was also the day’s most active counter on Bursa, with 262.94 million shares traded.
Attorney-General Tan Sri Tommy Thomas said in a statement yesterday that as a result of the Court of Appeal's decision, the matter will now proceed to a hearing in the High Court in London at a date to be fixed.
Cost of sales grew 3% to RM371.29 million from RM362.13 million, while other income retreated 63% to RM3.67 million from RM10.02 million. Revenue was flat at RM467.18 million, versus RM465.17 million in the year-ago.
The pieces of land have been sold to PMJ Parkland Avenue Sdn Bhd and Parkland Diversified Sdn Bhd. The two related companies are involved in property development and investment holdings.
Kim Hin said the compensation money will be utilized partially to fund the reconstruction costs of the affected buildings and facilities and the related relocation costs. The excess will be kept for future investment purposes.
In a filing with Bursa Malaysia, the REIT said the 12.6% increase in master leases to RM36.3 million was mainly due to the acquisition of The Green Leaf Niseko Village in September 2018 and additional rental from JW Marriott Hotel Kuala Lumpur effective July 2019, after completion of the reimbursement for renovation costs paid by the lessee.
Revenue for the quarter also rose 32% to RM1.25 billion from RM944.08 million a year ago.
...on improved earnings from the property development, manufacturing and quarrying, plantation and infrastructure divisions.
The group has declared an interim dividend of 1.5 sen per share for FY19, which is payable on Jan 6, 2020.
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