UEM Sunrise, Mulpha call off RM5b JV
KUALA LUMPUR (Feb 16): UEM Sunrise Bhd and Mulpha International Bhd have called off their joint venture (JV) for a RM5 billion gross development value mixed development in Nusajaya, Johor.
Foreclosure properties: It’s a buyer’s market
With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.
With no settlement yet, PetroSaudi International US$340m forfeiture scheduled for further case management on April 2
KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.
Jiankun plans private placement to fund property project
KUALA LUMPUR (Jan 14): Jiankun International Bhd has proposed to undertake a private placement of up to 20% of the total number of issued shares in the company to raise an indicative maximum amount of RM23.
Najib seeks adjournment of Feb 15 start date of SRC appeal hearing
PUTRAJAYA (Jan 4): Former prime minister Datuk Seri Najib Razak, who has been sentenced to 12 years’ jail and fined RM210 million in the SRC International Sdn Bhd case, is seeking to delay the hearing of his appeal against his conviction and sentence in the Court of Appeal.
Najib's 1MDB trial vacated due to Shafee's request
KUALA LUMPUR (Jan 3): The 1Malaysia Development Bhd (1MDB) trial scheduled for tomorrow (Jan 4) involving former prime minister Datuk Seri Najib Razak has been vacated due to his lawyer Tan Sri Muhammad Shafee Abdullah's request.
Najib's lawyers and prosecution still checking SRC notes of proceedings
PUTRAJAYA (Dec 28): The defence and prosecution in Datuk Seri Najib Razak's SRC International Sdn Bhd case are making sure that the High Court's notes of proceedings, which found the former premier guilty of all seven counts of criminal breach of trust (CBT), abuse of power and money-laundering, are in order.
Land in Seri Kembangan sold to LKL International for RM12m
KUALA LUMPUR (Dec 18): LKL International Bhd is buying two pieces of freehold industrial land in Seri Kembangan for RM12 million or RM556 per sq ft.
EcoWorld Group sets a combined sales target of RM5b for FY2021
PETALING JAYA (Dec 17): EcoWorld Malaysia and EcoWorld International are eyeing for a higher combined sales target of RM5 billion for FY2021.
Foreign workers: Former human resources minister calls for better working conditions
PETALING JAYA (Dec 15): Former human resources minister M Kula Segaran (pictured) has called on the government to “work towards improving working conditions” for migrant workers Malaysia, FMT News reported today.
