Pasdec appoints Liew as new CEO
Meanwhile, former group managing director Tew Kim Kiat has been redesignated to executive director.
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.
In a Bursa Malaysia filing on Friday (April 28), the property developer said it had entered into a settlement and subscription agreement with Tan Sri Tan Chee Sing through his wholly-owned T Shares 1 Sdn Bhd (TSSB), to settle the amount owed.
Datuk Teow Leong Seng, president & CEO: “The proposed capital reduction is a concrete first step towards the realisation of EcoWorld International’s commitment to meet our targeted distribution of RM900 million to our shareholders as earlier announced.
Nadi comprises three phases of shopoffices and is estimated to have a gross development value of RM500 million, occupying 34 acres out of the 1,010-acre Setia EcoHill 2 which is planned for completion by 2026.
The exercise involving disposal and diversification plans is also part of its corporate strategy to increase its stake in Furniweb, according to a statement on Friday (April 28).