Sarawak Cable sells property in Klang to Supermax for RM65m
Its wholly-owned subsidiary, Leader Cable Industry Bhd (LCIB), signed the deal with Supermax’s wholly-owned unit Maxter Glove Manufacturing Sdn Bhd (MGMSB).
Its wholly-owned subsidiary, Leader Cable Industry Bhd (LCIB), signed the deal with Supermax’s wholly-owned unit Maxter Glove Manufacturing Sdn Bhd (MGMSB).
The order was made by Justice Mohamed Zaini Mazlan following an application made by DPP Aaron Chelliah.
This means that the case will be heard on its assigned date of Aug 19, putting further pressure on the attorney-general to conclude the ongoing RM42 million SRC trial.
MAHB said the development is not expected to have any material impact on the earnings and net assets of the company, since it is subject to strict proof at the full trial of this case in November.
Pegasus said the company and GE Properties Sdn Bhd had both mutually agreed to cease the letter of award (LoA) for the job.
Ung said the funds do not belong to YR1M and she had been directed by the late Azlin to transfer the funds via whatsapp message.
The contract is for the proposed Dual Lane Road from Al-Islah Junction to Al-Jabayish at Nasirya City.
“The Bai'al-Inah Islamic facility was offered, where a facility agreement, a sales agreement, a purchase agreement and a government guarantee agreement was formulated."
BLand said the proposed acquisition is in line with the group’s geographical diversification and revenue expansion.
Pua said Putrajaya has so far received RM26 billion of the RM30 billion special dividend from the national oil corporation.