Menang announces slew of boardroom changes, 4Q results improved on reversal of over-accrued liability
Two independent directors, Chee Wai Hong and Yee Chun Lin, also resigned from Menang’s boardroom.
Two independent directors, Chee Wai Hong and Yee Chun Lin, also resigned from Menang’s boardroom.
The better quarterly earnings were due to an adjustment it made to reverse the over-accrued liability in the current quarter, totalling RM4.
Under the two-year MOU, Menang and Alpro will jointly develop the Alpro healthcare facility land into a health and wellness park, while Alpro will support the related healthcare facilities, including ambulatory care centre and rehabilitation facilities.
The property development and management company said it is in discussions with the Negeri Sembilan state government via Invest NS on the development of a digital hub in the state.
The counter’s share price surged as much as 3.
\Mariam Mohamed Eusoff, who directly held 48.
KUALA LUMPUR (March 19): Widad Group Bhd has called off the proposed acquisition of Inovatif Mewah Sdn Bhd for RM122 million from Menang Corp Bhd.
KUALA LUMPUR (Feb 15): Menang Corp (M) Bhd has suspended two non-independent and non-executive directors from exercising their duties and functions as directors of the company with immediate effect.
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.
KUALA LUMPUR (Nov 28): Menang Corp (M) Bhd is looking into the acquisition of income-generating real estate assets which may include buildings in the Klang Valley to grow the property developer's net profit.