News about settlement

PETALING JAYA (June 19): PRG Holdings Bhd said its board has terminated a proposed debt settlement involving a related-party transaction and has initiated the process of appointing an independent reviewer, according to a media statement released via Bursa Malaysia yesterday.

The Edge previously reported that the late Jamaluddin was said to have several bank accounts locally and abroad, along with several properties, including houses in Malaysia, Saudi Arabia and the US.

This follows the matter having made its way in 2013, and it took 10 years for the parties to finally resolve the matter.

KUALA LUMPUR (Sept 4): Loss-making NetX Holdings Bhd is acquiring the holding companies of six retail units in Sungei Wang Plaza that have court settlement liabilities for a nominal sum of RM20.

KUALA LUMPUR (March 4): The Ministry of Finance (MoF) is looking at settlements with audit firm KPMG and law firm Wong & Partners in relation to the 1Malaysia Development Bhd (1MDB) scandal, according to several sources.

KUALA LUMPUR (March 2): AMMB Holdings Bhd (AmBank) was only given "a few days" to negotiate the recently announced RM2.

KUALA LUMPUR (March 20): Holiday Villa hotels operator Advance Synergy Bhd (ASB) said its indirect Indonesian subsidiary, PT Diwangkara Holiday Villa Bali (DHVB), has entered into a settlement agreement with counterparties which it is suing.

KUALA LUMPUR (Nov 26): FEDERAL Territories Minister Khalid Abdul Samad will meet with the Malay Agricultural Settlement (MAS) to clarify issues over the administration power of Kampung Baru.

  KUALA LUMPUR (March 25): Kuala Lumpur City Hall (DBKL) today introduced the ‘Rental Arrears Settlement Service Scheme’ to address the problem of rental arrears by tenants of its Public Housing (PA) and PPR units.

TAWAU (March 20): The Tawau municipal council is sweeping down on illegal settlements by identifying and demolishing the shelters they built.