News about M

KUALA LUMPUR (Aug 15): Major shareholder Datuk Seri Tew Kim Thin has failed in his bid to take over Pasdec Holdings Bhd via his private vehicle Jasa Imani Sdn Bhd.

KUALA LUMPUR (Aug 15): LB Aluminium Bhd is acquiring 20% equity interest in Vistarena Development Sdn Bhd for RM6 million cash, as it seeks to expand into property development.

KUALA LUMPUR (Aug 14): Vivocom International Holdings Bhd jumped 14.

PETALING JAYA: Penang-based M Summit Group is tapping the retirement and wellness property market segment with its Scots Pavilion condominium project in Penang.

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

GEORGE TOWN (August 8): The Penang state government will make their decision on the third link based on the feasibility report for the undersea tunnel project by Consortium Zenith Construction Sdn Bhd, due in October.

KUALA LUMPUR (Aug 8): Food outlets such as those selling roti canai, nasi lemak (pictured) and nasi goreng, and earning less than RM1 million annual revenue would be exempted from tax under the proposed Service Tax Bill 2018, said Finance Minister Lim Guan Eng.

BUTTERWORTH (August 8): The first phase of Penang Sentral in Bagan Dalam is expected to open in October.

KUALA LUMPUR (Aug 8): Former prime minister Datuk Seri Najib Tun Razak was today charged with three counts of money laundering in relation to a probe into 1Malaysia Development Bhd's former subsidiary SRC International Sdn Bhd.