Latest news for: vpex

Report: IWH planning US$1.2b IPO in 1H2021

Bandar Malaysia, the single largest city development in the region, is now ready to take off with the settlement of the RM1.24 billion payment due to TRX City Sdn Bhd (TRXC), a wholly-owned subsidiary of the Minister of Finance Incorporated (MoF Inc) by IWH-CREC Sdn Bhd.

Avillion's auditor red flags its ability to continue as a going concern

Avillion said it has implemented certain measures, such as offering hotel package promotions and vouchers to maintain occupancy rate, managing project costing to maintain profitability, and boosting sales from current development phases and completed properties, to improve its business, which had been impacted by the Covid-19 outbreak.

1MDB ex-CEO: Najib pressured me to replace 1MDB auditor

This was due to the fact that KPMG had found out that Najib, as 1MDB’s shareholder, was aware of 1MDB’s bogus investments in Brazen Sky Ltd, a company incorporated in the British Virgin Islands by Low Taek Jho (Jho Low), Mohd Hazem told the court during Najib's 1MDB-Tanore graft trial.

PSOSL assures court again that disputed funds will not be moved

The assurance was made again today by PSOSL counsel Alex Tan to Justice Mohd Nazlan Mohd Ghazali and Malaysia's prosecution team, after the latter expressed concern upon learning that Tarek Obaid, a Saudi national who is CEO of PSOSL’s parent PetroSaudi International Ltd (PSI), had disputed the judge’s July 16 order.