In a filing posted with the Stock Exchange of Hong Kong, Genting Hong Kong said the disposal will enable it to offload non-core assets and investments and provide required liquidity to the group.

Yong Tai said the mining area was in operation over the last five years with proven gold mined, giving a better exploration database and detailed geological models, which translated into reduced risks and huge discount on capital costs.

Revenue, however, surged 181% to RM611.64 million, from RM217.44 million in 3QFY20, mainly due to settlement of the sale of the en-bloc serviced apartment to Scape Australia Management Pty Ltd.

Noteworthy:
● Freehold
● Built-up: 550 sq ft
● One bedroom; One bathroom
● Semi-furnished low-floor unit
● Facilities: Gym, swimming pool, playground, multi-purpose hall, 24-hour security
● Amenities: Morning fresh market downstairs, shopping malls, eateries, banks, schools, hospitals and commercial hub

When: Nov 2020

This return to the red was mainly due to impairment losses on goodwill and other assets recognised in the current quarter.

Proceeds from the sukuk issuance will be used for repayment of several identified existing borrowings and working capital requirements.

Daily new recoveries came in lower than new infections at 1,083.

Datuk Nallini Pathmanathan, in a summary of her judgement to the press, said the 10% service charge “does not belong to the hotel” and as such, should go to the employees.

S P Setia said it is constantly on the lookout for partners who are able to offer different areas of expertise that would complement and unlock the value of its landbank.

Jagdeep Singh Deo: We understand that some unit owners may want to earn additional income through short-term stays or homestay businesses but this is not acceptable. If unit owners want to rent their units out to short-term guests or turn them into homestay units, 75% of the residents there must first agree to it.