Genting Malaysia invests another US$100m in Empire Resorts
Genting Malaysia’s total investment in Empire Resorts includes an indirect ownership of 49% common stock, 100% of Series G and Series L preferred stocks.
Genting Malaysia’s total investment in Empire Resorts includes an indirect ownership of 49% common stock, 100% of Series G and Series L preferred stocks.
Saiful Nizam's redesignation comes just a little over two months after he was made the company's executive deputy chairman.
The purchase order of S$3.2 million is equivalent to about 22% of the group's revenue for the FY2021 and raises Mestron's total order book size to RM63 million.
“The Government will table the emoluments budget in the next sitting, and then the full Budget will be tabled maybe in a matter of one to two months after that.”
It envisages no major capital expenditure required to enhance the building to cater for its production requirement.
The group also divested the remaining 20% equity in the pre-tertiary education business.
The conglomerate recorded earnings per share of 2.8 sen during the quarter under review, compared with 1.38 sen per share previously.
The improvement in profitability came on the back of higher revenue and profit before tax, following the full resumption of business activities during the quarter.
Robert will remain with the group in the role of a non-independent, non-executive director to facilitate the change in leadership during the transition.
The resumption of business activities contributed to a hike in revenue, especially in the distribution of building materials and logistics services division, as well as the concrete manufacturing division.