On Thursday (June 22) morning, GenM disclosed that the purchaser, Smart Miami City LLC, had decided to end its current bid after requesting an extension of the exclusivity period and amendments to the commercial terms of the Sale and Purchase Agreement — requests that GenM chose not to grant.
“GenM has seen the value of its investment in Miami increase approximately 400% in just over a decade, and firmly believes in the sustained strength and growth of the Miami market.
“With inflation pressures easing and uncertain stock markets, we are now able to see winners and losers in a context where multiple crises overlap.
The global shift towards ESG now means “from changing our behaviour, we can even make money”.
SkyWorld’s IPO involves a public issue of 208,000,000 new shares and offer for sale of 192,000,000 existing shares.
“Social housing for rentals should become the social housing stock of the nation to provide transit housing for the incoming deserving households.
The lower contribution from the engineering, construction and environment division was partially offset by the property development and investment division, which recorded an operating profit of RM33.
Group managing director Datuk Azmir Merican: I think it is a difficult time especially today, as you see a lot of price increases.
Commenting on the results, MBSB group chief executive officer Datuk Nor Azam M Taib said, “The improvement is driven by strong fundamentals based on our business plan despite the challenging economic environment.
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