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“The remaining RM8.5 million will be used for expenses related to the disposal exercise. “TDM will gain gross proceeds of RM112 million from the disposal excluding the minority shareholders' share, of which RM74.2 million will be allocated for the refinancing of interest-bearing loans and RM29.3 million for general working capital. He said in addition to the CSPAs, TDM also signed a management services agreement with PT Ikhasas Indo Makmur for the acquisition of operational control over the assets that are being disposed of while waiting for the process to be completed by the first quarter of the financial year 2025. He said RKA had suffered losses since its incorporation until the financial year ending while SRA had suffered losses since its inception. Najman said TDM owned 93.8 per cent of RKA which was incorporated in 2007 and 95 per cent of SRA which was incorporated in 2011. “With the disposal process now going according to plan, TDM is determined to further enhance efforts to create and improve value for stakeholders in the future,” he said in a statement today. This includes initiatives to optimise production from the company's land on the East Coast by diversifying other crop ventures in addition to oil palm plantations and crude palm oil production. “With the significant cost savings and capital generated from the disposal, TDM can focus its resources and attention on the company’s operations in Malaysia. TDM executive director Najman Kamaruddin said the CSPAs involved a cash consideration of RM115 million.
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The formal announcement of the 2022 recipient is scheduled to be made on December 8, and the presentation of the 2022 Wuerffel Trophy will occur on February 24, 2023.KUALA TERENGGANU: Terengganu subsidiary company TDM Bhd and a minority shareholder yesterday signed a conditional sale and purchase agreement (CSPA) for the disposal of 100 per cent equities in Indonesia-based companies PT Rafi Kamajaya Abadi (RKA) and PT Sawit Rezki Abadi (SRA) to Ikhasas Sawit Sdn Bhd. An up-to-date list of nominees can be found at on August 1. Semifinalists for the award will be announced on November 1, and finalists will be announced on November 22. Nominations for the Wuerffel Trophy are made by the respective universities' Sports Information Departments and close on October 14. The trophy honors college football players who serve others, celebrate their positive impact on society and inspire greater service worldwide. Named after Danny Wuerffel, the 1996 Heisman Trophy-winning quarterback from the University of Florida, the Wuerffel Trophy is presented each February in Fort Walton Beach, Fla. The 2022 Wuerffel watch list includes 115 players, and Sims is one of 10 selections from the Big 12 Conference on the list. Named to the Mackey Award Watch List last week, the senior also received nods to the All-Big 12 Team, Athlon All-Big 12 First Team, Phil Steele All-Big 12 First Team and Dave Campbell's Texas Football All-Texas First Team this preseason. The former Clark Cougar also added a rushing touchdown on his career-first carry against Texas on Oct. His nine touchdown receptions are the most by a tight end in BU history, and his 47 career receptions rank as the fifth-most by a tight end in program history.
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The native of San Antonio, Texas, has 47 career receptions, including a career-best 31 for 361 yards and six touchdowns in 2021. On the field, Sims has played in 31 career games with 20 starts. In the classroom, the environmental studies major has been named to the Commissioner's Honor Roll six times and twice named to the Academic All-Big 12 First Team, most recently in 2021. He also served on the Student-Athlete Advisory Committee (SAAC) from 2019-2021 and participated in the Baylor Athletics Leadership Institute in the spring of 2021. Sims spends time away from the football field reading to children at local elementary schools. These E-mail Addresses are completely free. WACO, Texas – Baylor senior Ben Sims was named to the 2022 Wuerffel Trophy watch list, released by the All Sports Association in Fort Walton Beach, Fla., on Thursday. YOPmail provides Temporary and Disposable Email addresses to protect you against Spam.