Ho Hup defaults on RM45.3 mil loan from AmBank Islamic
Ho Hup said the total outstanding under the facilities represents 13.
Ho Hup said the total outstanding under the facilities represents 13.
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
The cessation came after Chuah sold 410,000 shares representing a 0.
MACC Chief Tan Sri Azam Baki: "We have already submitted an application under Section 51 of AMLATFPUAA [to seize the tower], and the next step will be to file an application under Section 55 or 56 of the same Act to forfeit the asset [Ilham Tower].
The issue price represents a discount of 3.
The take-up represents RM46.
Lawyers Rajesh Nagarajan and Sachpreetraj Singh Sohanpal slammed the MACC's action as “pure harassment”.
Prior to this latest award, it obtained a RM40.
Menara KL and Hydroshoppe’s lawyer, Vinayak Sri Ram of Rosli Dahlan Saravana Partnership, said the eight—who include Communications Minister Datuk Fahmi Fadzil and senior government officials—had allegedly forced the takeover of the iconic KL Tower despite the legal proceedings initiated in March.
Paramount bought the stake in EWI for RM170.