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Cleaning notice to be issued for EDL apartment sewage treatment plant

Moody s downgrades Forest City s parent Country Garden to junk  status

KUALA LUMPUR (June 22): Moody's Investors Service has assigned a Ba1 corporate family rating (CFR) to China-based Country Garden Holdings Co Ltd and withdrawn its Baa3 issuer rating, as well as downgraded the company's senior unsecured rating to Ba1 from Baa3.

Lim Kang Hoo could take over RTS Link to Singapore

BUSINESSMAN Tan Sri Lim Kang Hoo is understood to be looking to take over Adil Permata Sdn Bhd, the company given the mandate to build a RM3.7 billion rail link connecting Bukit Chagar in Johor Baru to Woodlands in Singapore, dubbed the Rapid Transit System Link (RTS Link), sources say. “It’s a matter of fulfilling some conditions (precedents), then he will take over Adil Permata. From what we gather, it’s a done deal,” one source says. Another source from Johor says he has heard that Lim was brought in to speed things up at the RTS Link.

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