News by TheEdgeMarkets.com

Liu, 57, from China, currently holds an independent and non-executive directorship at NWP Holdings Bhd.

Meanwhile, YNH Property has also entered into a series of joint venture agreements for the development of a few pieces of land strategically located near Mont Kiara, Sri Hartamas, Kuala Lumpur city centre, Ipoh city and Seri Manjung town.

The furniture manufacturer said the location of the land is strategic as it is near its existing factories and head office.

The serviced apartment includes 147 studio apartments sized between a range of 34 sq m to 37 sq m, and 105 one-bedroom apartments sized from 36 sq m to 43 sq m.  

IWH-CREC is Bandar Malaysia's master developer, and owns 60% of the project, with the remaining stake held by the Ministry of Finance.

"It said the land comprises individual parcels of vacant agriculture land adjacent or adjoining each other, adding that the current market value of the land is about RM10 per sq ft."

This follows a High Court's order for priorities and payment of the proceeds towards the specially set up fund, which will house funds channelled illegally out of 1MDB.

UEM Sunrise wishes to clarify that the (UEM Sunrise) board of directors has not made nor received any corporate proposal from any party for its consideration.

Revenue for the quarter, however, fell 13% to RM1.23 billion from RM1.42 billion previously.

Earnings per share fell to 9.77 sen from 10.3 sen previously, IGB said in a stock exchange filing yesterday.