KUALA LUMPUR (Feb 3): Sentoria Group Bhd has filed a writ at the High Court of Malaya against OCBC Bank (Malaysia) Bhd, seeking to nullify corporate guarantees related to two of its subsidiaries.
OCBC, and Bank of Ningbo collaborated with the Johor state government, the Malaysian Investment Development Authority (MIDA), Invest Johor, and the Iskandar Regional Development Authority (IRDA) in leading discussions on business opportunities within JS-SEZ.
"The JS-SEZ has the potential to attract significant international capital through the various initiatives that have been announced.
The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments.
It is worth noting that the provision of financial assistance is a related party transaction as Sunsuria KL Sdn Bhd (SKLSB) owns 16% equity interest in BHPDSB and Suez Capital Sdn Bhd (Suez) owns another 29.
The group said in a bourse filing that OCBC has proceeded to appoint Khoo Siew Kiat and Lim Keng Peo of Deloitte Restructuring Services PLT as the "joint and several receivers and managers over the assets and undertakings of ARSB", whose assets have a net book value of RM25.
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.
OCBC Bank will also be offering an attractive end-financing package to qualified end purchasers of the industrial park.
The group is looking forward to this partnership, which further reinforces the group’s sustainability agenda, particularly its commitment to reducing carbon emissions.
KUALA LUMPUR (Sept 2): Bank Negara Malaysia (BNM) should trim the overnight policy rate (OPR) by 25 bps to ease Malaysia's journey to economic recovery, as indicators hint at a rockier road ahead, said OCBC Bank.
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