KUALA LUMPUR (July 16): AEON BiG (M) Sdn Bhd said it has managed to postpone the execution of a judgment in default against the company and can thus continue to operate its store in Subang Jaya.
KUALA LUMPUR (July 14): Japanese retailer AEON BiG (M) Sdn Bhd’s headquarters in Subang, Selangor has been sealed in accordance with a writ of seizure and sale obtained by the bailiff of the court against AEON BiG for failure to settle a judgment sum of over RM140 million after the service of judgment on them.
KUALA LUMPUR (June 13): Come July, the management of AEON Co Ltd’s retail units in Malaysia — AEON Co (M) Bhd and AEON BiG (M) Sdn Bhd — will be restructured and consolidated into a single organisation as part of a 10-year strategy to create an agile, resilient and intrapreneurial retail organisation, The Edge reported today.
KUALA LUMPUR (April 24): KIP Real Estate Investment Trust (KIP REIT)’s net property income rose 41.
KUALA LUMPUR (April 2): AEON Retail will offer a 28-day rental waiver for the period of the Movement Control Order (MCO) to tenants with non-essential businesses that are unable to operate at their premises, reported Focus Malaysia today.
KUALA LUMPUR (Feb 22): With the revised Guidelines on Foreign Participation in the Distributive Trade Services 2020 kicking in on Jan 1, the rules have now “been relaxed” for foreign operators of large-format grocery stores.
KUALA LUMPUR (Feb 18): At least two retailers are experiencing drastic sales decline at their outlets located at tourist zones, following concerns over the 2019 novel coronavirus (COVID-19) outbreak.