KLK appoints Leong Sean Meng as acting group CFO

KUALA LUMPUR (July 2): Kuala Lumpur Kepong Bhd (KLK) has appointed Leong Sean Meng as the acting group Chief Financial Officer (CFO) with immediate effect upon the resignation of the Group CFO Soon Wing Chong, reported Bernama today.

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GLC CEO remanded by MACC freed on bail

PETALING JAYA (Jue 30): The CEO of a government-linked company (GLC) who was remanded on Thursday (June 28) by the Malaysian Anti-Corruption Commission (MACC) over allegations of abuse of power involving construction projects valued at RM300 million was freed by the Magistrate’s Court at Putrajaya today, reported Bernama.

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Pasarakyat’s Jho Low connection

PETALING JAYA (June 30): Ladang Impian 1 Sdn Bhd (LI1SB) which held a 15-year lease upon on the four acres upon which Pasarakyat was located, was paid RM35 million to terminate its lease seven years ahead of its expiry on January 1 this year, reported The Edge weekly.

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