Genting seeks RM1.25 billion through rights issue
RM800 million would go towards repaying borrowings, while the rest would fund working capital. Completion is expected in the first quarter of 2027.
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RM800 million would go towards repaying borrowings, while the rest would fund working capital. Completion is expected in the first quarter of 2027.
Potential buyer HNG Capital has exclusivity for due diligence on the 2,433 acres, with the option to terminate the agreement over unsatisfactory findings.
The government will also provide Matrade with RM60 million to help Malaysian companies develop their capacity for overseas expansion.
The project covers interconnection facilities and associated infrastructure for a 120-megawatt plant, with completion targeted for the third quarter of 2027.
AIM is to receive RM3 billion, while Bank Simpanan Nasional will provide RM1.7 billion under the Budget 2027 measures.
The company anticipates a RM3.22 million net gain and plans to put the disposal proceeds towards working capital.
Government-linked investment companies will provide RM25 billion, while public-private partnerships will account for RM11 billion.
The increase will cover over four million workers, with an exemption for MSMEs whose annual revenue falls below RM50 million.
The proposed law aims to increase accountability among online marketplaces and sellers, although no tabling date was given.
The claims concern financing payments owed by subsidiary Ahmad Zaki Sdn Bhd, with the parent company named as guarantor.