'Not the first time we have done such a transaction' — ex-governor Muhammad Ibrahim
"We ensured that everything was done in the right manner, with proper governance and accountability..."
"We ensured that everything was done in the right manner, with proper governance and accountability..."
Escalated construction cost for the company's recently completed Amanja property development project in Kepong has dragged its margin.
JHM said the acquisition is to enable the company to possess its own factory, instead of having its factory and operations offices in rented properties.
Its property development and investment division contributed RM25.9 million but registered a loss before tax of RM14.8 million for the quarter.
The properties were previously occupied by Ipmuda's subsidiary Ipmuda Selatan Sdn Bhd for the southern region trading operations.
The improvement was largely due to a turnaround in its 25%-associate OM Materials (Sarawak) Sdn Bhd.
The RTS project will connect Bukit Chagar station in Johor Baru to Woodlands in Singapore.
YTL THP JV said Azmi brings over 33 years of experience in the public and private sectors of the transportation industry to his new position.
The conditional appointment entails submission of a commitment bond, corporate guarantees.
Ipmuda said the factory has not been in use since January 2016 when Roset-BLG ceased its kitchen cabinetry systems manufacturing activities.