News by Adam Aziz

It has decided to revise the exercise price of its proposed bonus warrants to 58 sen apiece, from 82 sen previously.

“Both of the projects are expected to contribute positively to the future earnings of the group.”

Lien Hoe, in a filing with Bursa Malaysia, said the letter of demand, served by its wholly-owned unit Pro-Meridian Sdn Bhd, requires AQRS-TBC to pay RM50 million and an accrued interest of RM456,954.

Under the first contract, Mitrajaya said, Pembinaan Mitrajaya Sdn Bhd will undertake the construction of an academic building and a car park for a higher learning institution in KL for RM333.55 million.

“At the current level of the OPR, the stance of monetary policy remains accommodative."

Hamdan had been deputy MD of Iris for four years since Aug 27, 2013.

Constructed on a 3.2-acre (1.29ha) leasehold land, M3 Mall is part of a larger mixed development project known as Medan Mega Melati, which also includes the M3 Residency.

Khalid, aged 60 this year, will take over the chairmanship in the government-owned public transport operator from Tan Sri Ismail Adam, whose term ended on Aug 31.

"The group's prospects remain positive with its property sales stood at RM799 million as at Aug 28, 2017, total unbilled sales of RM1.395 billion as at July 30, 2017, anchored by 18 ongoing projects and remaining landbank of 4,197 acres."

The upcoming property is dubbed Pengerang Northshore Residence, which will include landed residential properties, affordable apartments, shopoffices and community complex as well as other amenities.