IJM says MACC, IRB officials visited its office to gather info; Azam Baki confirms probe
Sunway, which announced on Jan 12 its intention to acquire IJM, is offering to snap up shares in the latter for cash of 31.
Sunway, which announced on Jan 12 its intention to acquire IJM, is offering to snap up shares in the latter for cash of 31.
Just a year into his executive director role, Yu Jian Loong, 25, was one of three board members who were voted out after seeking re-election at the company’s AGM.
According to a filing with Bursa Malaysia, the shareholders, who claim to collectively own 10.
The first attempt to remove the board, involving a 10-member shareholder group, failed after the requisition was rejected in the same month.
Cheng Kiat, 77, established Bina Puri in 1975 and has served on its board since Nov 5, 1990.
On a back-of-the-envelope calculation, each unit would cost approximately RM256,998.
"To resolve this, we have devised a plan to determine which assets LTAT should retain a larger direct shareholding in and which should remain under Boustead’s management.
Under the previously scrapped "Project Moonshot", Boustead was to transition from a diversified conglomerate into a real estate-focused entity.
The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.
Introducing a new board of property managers doesn’t address any issues but instead opens doors to individuals lacking the education, credentials and qualifications required for property management.