Khoo Kay Peng steps down as MUI chairman

KUALA LUMPUR (Dec 14): Tycoon Tan Sri Khoo Kay Peng (pictured) has resigned as the executive chairman of Malayan United Industries Bhd (MUI), after more than four decades of helming the company, and will be replaced by his son Andrew Khoo Boo Yeow.

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Protasco unit gets RM316m SUKE project termination letter

KUALA LUMPUR (Dec 13): Protasco Bhd said today its subsidiary HCM Engineering Sdn Bhd received a termination letter from Turnpike Synergy Sdn Bhd (TSSB) for the construction of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) due to the delay in the project's implementation.

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Tabung Haji set to sell TRX land bought from 1MDB

KUALA LUMPUR (Dec 12): A controversial piece of land in Tun Razak Exchange (TRX) here that Lembaga Tabung Haji (pictured) purchased from 1Malaysia Development Bhd (1MDB) three years ago is likely to be one of the underperforming assets that will be transferred to a special purpose vehicle (SPV) under the ministry of finance.

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