News by Adam Aziz

At TSR Capital's extraordinary general meeting (EGM) today, all shareholders approved the 70% stake sale in U-Ni Magna Sdn Bhd for RM18.59 million cash to Ivory Code Sdn Bhd, in which Lim owns 25%.

The three are former Eastern & Oriental Bhd (E&O) managing director Datuk Seri Tham Ka Hon (RM4.18 million), former Fututech Bhd chief executive officer Loo Soo Long (RM2.11 million) and Chu Yoke Fong (RM1.39 million).

Litrak said a share of higher profit in its 50%-owned associate Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT) amounting to RM4.8 million in the current quarter, also contributed to the group's higher net profit for the quarter.

Solarvest was also the day’s most active counter on Bursa, with 262.94 million shares traded.

Yeo said there is lack of power supply in the central region, coupled with the limited transmission capacity from the northern and southern region that will not be able to feed the demand in case there is power shortage in the central region.

The shareholders are Ng Wai Yuan, Datin Sek Chian Nee, Low Swee Foong and Datuk Tan Wei Lian

This means the government would then lose out on corporate taxes and income taxes as a big part of taxes are paid by tycoons, he said.

This was revealed by defence counsel in the 1MDB-Tanore trial, Tan Sri Muhammad Shafee Abdullah, who produced valuer Edward L Morse's letter of appointment to estimate the worth of the oil and gas assets.

Justo provided emails and documents to The Edge and Sarawak Report sometime in February 2015, which helped in the 1MDB exposés that year.

“There could be some charges dropped ... I can’t imagine which charge (where the High Court) can call (Najib) for defence, because all the charges were poorly (executed),” said Shafee.