8 Conlay dispute referred to arbitration following GDB’s RM102m claim against project owner KSK Land
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
They claim that since last year, they had separately tried to redeem their investments, but ACE Holdings had replied that since its operations were badly affected by the Covid-19 pandemic, payments would be delayed.
"We believe loan growth will be supported by the resilient household sector on the back of improved income and steady labour market conditions, as reflected in the lower unemployment rate,” Kenanga said.
The identity of the buyer of the shares is not immediately known.
Meanwhile, former group managing director Tew Kim Kiat has been redesignated to executive director.
“The company is in the midst of formulating a plan to regularise its financial condition.
Last week, Ageson said it needed additional time to identify suitable auditors following the resignation of STYL Associates PLT as its auditor in February due to resource constraints.
It’s better late than never for us to get back in the game.
OCBC Bank will also be offering an attractive end-financing package to qualified end purchasers of the industrial park.
The auditor, KPMG PLT, noted that financial statements indicated that the group incurred net losses of RM43.