The Tee family bought into GSB in May last year, from a group of shareholders. It also controls Kerjaya Prospek Bhd, holding 70.26% stake in the construction company.
In a filing with Bursa Malaysia today, Malton said if the JV unit fails to sign an investment agreement for the project with the Taipei city authorities by tomorrow (Aug 9), its qualification as the best applicant for the project would be waived.
Assuming full exercise of the warrants at the price of 25 sen each, Acme could raise maximum gross proceeds of RM14.92 million, which will be used for working capital.
Bina Puri said the proposed rights issue involves up to 439.35 million new shares together with up to 439.35 million free warrants.
MARC said given Masteel relatively modest market position in the production of steel billets and steel bars, which are mainly for local consumption, these factors have weighed on its profitability margins.
"It will be unlikely there will be any new tax measures [announced in Budget 2020], but definitely I would rule inheritance tax out, for the foreseeable future."
"SVDP only covers taxation laws; it doesn't cover criminal laws. It doesn't mean people like Jho Low can come and declare their unreported income and everything is cleared."
M+S was set up on June 27, 2011 to develop Marina One and Duo.
DWL said its wholly-owned subsidiary Million Rich Development Sdn Bhd and Titanium Hallmark Sdn Bhd have mutually agreed for the termination.
Anwar said however, affirmative action will remain to elevate the poor and reduce inequality.
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