The rating agency has also made similar revisions to the outlook of Genting's wholly owned subsidiaries Genting Overseas Holdings Ltd (GOHL) and Genting Singapore Ltd (GENS).
“Tan stays on as adviser following his resignation as group CEO to provide guidance to support the continued growth of Signature International.”
MRT Corp said the detailed and comprehensive study on the proposed alignment is being done for the purpose of minimising the social impact of the project on the public, especially land acquisition.
The original cost of investment for the freehold land in 2013 amounted to RM7.67 million, so the expected gain from the disposal would be RM1.59 million.
He will be taking over from the current CEO and MD, Liew Hau Seng, who has announced his intention to retire effective March 31.
Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income in the quarter ended Dec 31, 2022 (4QFY2022) rose 17.17% to RM96.89 million from RM82.69 million, as higher rental income more than offset higher utilities and maintenance costs.
Mohamad Noor, 77, resigned due to personal reasons.
Its wholly-owned unit Pasdec Corp Sdn Bhd has entered into a JV agreement with a special purpose vehicle called Sedimi Property Development Sdn Bhd to develop the 238 pieces of vacant leasehold plots with a total area of 60,049 square metres.
Net property income fell to RM3.88 million in 2QFY23, from RM4.7 million a year ago, while net income declined 93% to RM108,000 from RM1.53 million amid higher interest expense.
Following the termination, Zecon will be buying back the project from PR1MA for RM63.56 million, which includes the land cost.
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