(Reuters) - Struggling chipmaker Intel said on Thursday it had no plans to divest a majority interest in Mobileye, sparking an 8% rise in the self-driving tech firm's shares in premarket trading.
PUTRAJAYA: The government’s appeal hearing against the Kuala Lumpur High Court’s order to transfer ownership of 263.272 acres of land in Mukim Batu , Kuala Lumpur to Semantan Estate Sdn Bhd , has been postponed to Nov 7.
However, Semantan Estate’s counsel Datuk Dr Cyrus Das, urged for fairness, stating that the case should proceed next month, highlighting the 15-year delay since the initial court order in 2009. The disputed land, located in the prime Jalan Duta area known as the"Duta enclave”, houses government buildings that include the National Hockey Stadium, the Malaysian Institute of Integrity, the National Archives, the Kuala Lumpur Syariah Court, the Inland Revenue Board building and the Malaysian Anti-Corruption Commission Academy.
Subsequently, the government filed an appeal on Aug 8, and on Sept 12, successfully obtaining a stay of the High Court's decision pending the disposal of the government’s appeal at the Court of Appeal.
Court Of Appeal Mukim Batu Transfer Ownership Postpone Negotiation Government Semantan Estate Duta Enclave
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