The Sarawak-based construction and property firm had announced on Feb 28 that it was planning to raise between RM19.4 million and RM46.1 million via a renounceable rights issue of up to 576.4 million of irredeemable convertible preference shares (ICPS) at an issue price of 8 sen each and a conversion rate of 16 sen.

Sepang Member of Parliament (MP) Mohamed Hanipa Maidin said he treats Parliament Speaker Datuk Azhar Azizan Harun’s reasoning with the greatest respect, although the move is deemed absurd and not a good move. He said Azhar should not have written to the court on behalf of any MPs.

"Discussions are ongoing for a more targeted approach going forward, such as extending the repayment period, restructuring their borrowings and granting exemptions until the borrower stabilises."

"The updated valuation reports to be prepared by the respective independent valuers will take into consideration the effects of Covid-19 on the material properties of TA Group."

IGB REIT said: "The lower gross revenue, net property income and profit after taxation are mainly due to the rental support provided to tenants and lower car park income arising from the Covid-19 pandemic and resultant MCOs (Movement Control Orders)."

The Singapore Muji spokesperson stressed that the company does not plan to submit similar applications in other countries. 

A new Covid-19 cluster has been detected in an old folk’s home in Kluang, Johor, with 14 confirmed positive cases, the Ministry of Health (MoH) said today.

The new outlet was built at an investment of RM1 million.

Last year, Wang sued the Singapore casino to recover S$9.1 million that he claimed was sent to other patrons in 2015 without his approval.

ReTuna has been named “the world’s first shopping mall designated for repaired, recycled and restored items” by the Guinness Book of World Records in 2020.