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E&O makes cash call of up to RM550m

The proposed renounceable rights issue will include free detachable warrants on an issue price and basis to be determined later. The proposed private placement will involve issuing up to 10% of E&O’s issued share capital, currently at 1.31 billion stocks, E&O said in a filing with Bursa Malaysia yesterday.

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UOA Development gets additional RM39.6m tax bill

Two of its wholly-owned units received notices of additional assessment for additional income tax and penalties totalling RM39.62 million. The notices were served for year 2013 assessment by the Inland Revenue Board, the group said in a filing with Bursa Malaysia.

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If you illegally built on govt land, go see the KL mayor

FT Minister Khalid Abdul Samad recommended that owners do not wait until he holds a press conference to reveal the matter. “If you realise that you have built a structure or building on government land, don’t wait for me to hold a press conference. Come and see me or the KL mayor.

 

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