News by theedgemarkets.com

Franchisee wants OldTown held responsible amid China contract fraud claim

G&L said in a press statement today that in June 2018, G&L reported to China's Public Security Bureau (PSB), claiming that OldTown's indirect wholly-owned unit Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) granted the trademark to OldTown's China franchisees despite OldTown having full knowledge that it did not own the OldTown trademark.

23 December, 2019

GSB expects to turn profitable in FY20

Speaking to reporters after its extraordinary general meeting (EGM) here today, GSB executive chairman Datin Toh Siew Chuon said the group's strategy is to continue to focus on residential property development. However, should there be any opportunity to go into other types of development, GSB will explore it.

23 December, 2019

E&O to raise up to RM1.5b via sukuk programme

The property developer said the proceeds from the issuance will also be used to repay borrowings, for working capital and to defray expenses incurred in relation to the sukuk issuance.

20 December, 2019
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