The MoU was inked between Boustead and Sinohydro Bureau 9 Co Ltd International Co, a wholly-owned subsidiary of PowerChina, on Thursday.

BNM announced that the action taken against the company and its affiliates had led to the freezing of 45 bank accounts in seven banks and the seizure of RM118.7 million in cash.

Quarterly earnings per share came in at 5.97 sen, from 0.66 sen in 3QFY20.

Dr Mahathir had questioned why Najib’s request for the RM100 million piece of land and house was not included in Budget 2022.

Earnings per share dropped to 1.5 sen from 1.86 sen. 

Earnings per unit rose 10.6% to 2.4 sen, from 2.17 sen in the same quarter last year.

This is the second extension for the MGO, after the offeror previously extended the closing date to Nov 8 from Nov 22.

A judicial review application has been filed by the firm of Messrs Karpal Singh & Co at the Alor Setar High Court on Thursday (Nov 18).

While upfront cost remains the main concern, there are some of the industry players are introducing instalment payment schemes, which could offer more affordable solutions for interested users and also help generate recurring income for the service providers.

Former de-facto deputy law minister in the Prime Minister's Department Mohamed Hanipa Maidin described the decision to withdraw the appeal as "weird".