Ewein incorporates unit in anticipation of next job

KUALA LUMPUR (June 2): Ewein Bhd, which is looking to bag the next parcel of land Consortium Zenith BUCG Sdn Bhd (CZBUCG) will be offering in Bandar Tanjong Pinang, Penang for development, is incorporating a new 60%-owned subsidiary called Ewein Zenith II Sdn Bhd in anticipation of the proposed project.

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TA Global commences arbitration proceedings

KUALA LUMPUR (June 2): TA Global Bhd’s (TAG) wholly-owned unit Crystal Caliber Sdn Bhd (CCSB) has commenced arbitration proceedings against Saudi royalty-owned Kingdom Hotel Investments (KHI), following a dispute between the parties relating to the breach of the sale and purchase agreement (SPA) dated April 25, 2012, concerning a resort property in Thailand.

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Prinsiptek expects better earnings beginning 2HFY15

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

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