News about NWP

Having emerged as a substantial shareholder in May 2016, Kee’s shareholding in NWP was reduced to 6.

KUALA LUMPUR (April 16): Timber products manufacturer NWP Holdings Bhd has received a formal demand from two of its shareholders to call for an extraordinary general meeting on May 19 to move resolutions for the removal of several directors and the appointment of new board members.

KUALA LUMPUR (Feb 11): NWP Holdings Bhd’s group chief executive officer has been suspended from his duties with immediate effect, as the group investigates a potential breach of fiduciary duty in the past transactions involving a subsidiary of the group.

KUALA LUMPUR (Nov 25): Bertam Alliance Bhd has appointed Liu Shenghui as its acting managing director, after he emerged as the group's second-largest shareholder recently.

KUALA LUMPUR (Aug 10): NWP Holdings Bhd said today it has decided to abort a RM744.

PETALING JAYA (June 4): LBS Bina Group Bhd will not be holding back on its development project to transform the Zhuhai International Circuit in China although the joint development deal with NWP Holdings Bhd has lapsed.

KUALA LUMPUR (May 31): LBS Bina Group Bhd and NWP Holdings Bhd have decided to mutually terminate an agreement for a joint development project to transform the Zhuhai International Circuit in China, in which LBS Bina has a 60% stake.

KUALA LUMPUR (March 7): NWP Holdings Bhd’s stock climbed as much as 76.

KUALA LUMPUR (March 5): LBS Bina Group Bhd has entered into a heads of agreement (HoA) with NWP Holdings Bhd to jointly undertake a development project relating to the transformation of Zhuhai International Circuit (ZIC) in China, in which LBS has a 60% stake.

KUALA LUMPUR (Jan 24): Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.