News about ge

  Q: What is a latent defect? Can claims be made against the developer after the defects liability period (DLP)? In the context of a residential strata development, ‘latent’ (as opposed to ‘patent’) defects can manifest any time after the end of DLP.

KUALA LUMPUR (June 26): George Kent (Malaysia) Bhd’s first-quarter (1Q) net profit fell 37% to RM13.

KUALA LUMPUR (June 24): Lawyers appearing for Goldman Sachs International, which is facing four summonses by the prosecution for capital market offences, have sought further time to study the summons served against the multinational investment bank and financial services company.

KUALA LUMPUR (June 24): Rare earths producer Lynas Corp says today that it is committed to relocating the first stage processing of its rare earth – where the material is separated from the low level, naturally occuring radioactive material (NORM) it is found with – to Australia over the next five years.

Q: We recently formed a Management Corporation (MC).

KUALA LUMPUR (June 20): Genting Malaysia Bhd chairman and chief executive Tan Sri Lim Kok Thay (pictured) has reportedly announced he would take a 20% pay cut to offset the effect of heavy gaming taxes which have weighed on the group’s financial performance.

KUALA LUMPUR (June 17): Damansara Realty Bhd is partnering the state investment arm of Negeri Sembilan — the Menteri Besar Negeri Sembilan (Inc) or MBNSI — to jointly develop a RM771 million mixed development in Bandar Sri Sendayan, Negeri Sembilan.

    KUALA LUMPUR: YTL Cement Bhd has increased its shareholding in Lafarge Malaysia Bhd to 76.

  KUALA LUMPUR (June 14): The Edge Communications Sdn Bhd is entitled to aggravated, exemplary and constitutional damages over the suspension of its daily and weekly publications for three months beginning July 27, 2015, following its reports about 1Malaysia Development Bhd, said a lawyer representing the company.

KUALA LUMPUR (June 11): Donaco International Ltd, which is linked to the late Genting Group founder Tan Sri Lim Goh Tong's grandsons, said today Benjamin Lim Keong Hoe's (pictured)  role as interim chief executive officer (CEO) and managing director has now concluded following Paul Arbuckle's appointment as CEO.