Styl Associates has noted that the group had incurred a net loss of RM20.89 million for the financial year ended July 31, 2019, and had at that point of time not complied with the repayment terms of its bank borrowings.
"I found that Jho Low was successful in collaborating with the Arabs and Khazanah Nasional Bhd in the Iskandar Development," said Najib.
The recording revealed that Ali had called for the meeting to protect the reputation of Najib.
...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.
This follows a High Court's order for priorities and payment of the proceeds towards the specially set up fund, which will house funds channelled illegally out of 1MDB.
UEM Sunrise wishes to clarify that the (UEM Sunrise) board of directors has not made nor received any corporate proposal from any party for its consideration.
Revenue for the quarter, however, fell 13% to RM1.23 billion from RM1.42 billion previously.
Quarterly revenue declined 43.8% to RM372.74 million from RM663.75 million in 3QFY18.
Meanwhile, WCT posted a share of loss after tax of joint ventures of RM6.9 million versus a profit after tax of RM184,000.
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