Zecon gets shareholder nod for rights issue

KUALA LUMPUR (July 21): Zecon Bhd has received approval from its shareholders for its proposed rights issue to address its current funding requirements to meet its short-term obligations and liabilities, as well as strengthen its financial position.

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MoF: Goldman Sachs reps in Malaysia to discuss 1MDB settlement deal

KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

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Ireka signs demerger agreement with Aseana Properties

KUALA LUMPUR (July 16): Ireka Corp Bhd has signed definitive agreements with London Stock Exchange-listed Aseana Properties Ltd to undertake a demerger exercise which involves separating the interests of Ireka Group from Aseana, where the former held a 23% stake in Aseana.

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