Noteworthy:
When: March 2024
The lawsuit filed by JL-Edison Holdings Sdn Bhd names Vizione, its managing director Datuk Ng Aun Hooi and its wholly owned subsidiary Zenith Urban Development Sdn Bhd as defendants.
Kuchai received notification from Bursa Securities on Monday, stating that the company triggered Paragraph 8.03(1) of the Main Market listing requirements.
The payment is for the purchase of land measuring 51.17 acres, for the Medi-City development.
The park, provisionally named the Port Dickson Free Zone (PDFZ), will be developed on 575 acres of land currently owned by SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd.
Critical M&E Engineering Sdn Bhd will undertake the supply and maintenance of mechanical and electrical services for the new semiconductor plant — for a renowned US-based multinational company — located at the Batu Kawan Bandar Cassia Technology Park in Prai.
The petition hearing is scheduled for Nov 18.
The group said its wholly-owned subsidiary, Exsim Concepto Sdn Bhd (ECSB), received the letter of award from Discovery Media Sdn Bhd for the subcontract under a project involving the development of 560 office units.
The complaint, filed on Oct 7, named GenM’s indirect wholly owned subsidiary Genting Americas Inc, which is involved in the operations of Resorts World Bimini (RW Bimini) in the Bahamas, of which RAV Bahamas is seeking damages of more than US$600 million (RM2.57 billion).
The issue of inheritance tax has recently resurfaced when it was reported as one the proposals by “some financial analysts” for the upcoming Budget 2025. The purpose cited by the so-called expert was to “prevent the accumulation of unproductive wealth in families; which could help reduce wealth inequality”. And as with all taxes, it would of course, as claimed, be helpful in broadening the tax base and boosting government revenue.
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