UEM Sunrise disposes of Melbourne property for RM355m
KUALA LUMPUR (Nov 23): UEM Sunrise Bhd is disposing of one of its properties in Melbourne for A$125 million (RM354.
Widad's subsidiary sued by KNM units over solid waste station contract
KUALA LUMPUR (Nov 18): Widad Group Bhd’s wholly-owned unit which has been appointed as a subcontractor by Bumi Segar Indah Sdn Bhd (BSI) to undertake a RM120.
Travel agency sues Azmin over RM329,000 unpaid travel bills
KUALA LUMPUR (Nov 6): A travel agency has filed a suit against Economic Affairs Minister Datuk Seri Mohamed Azmin Ali over alleged non-payment of nearly RM329,000 in travel bills incurred by him and his family, including for his much-publicised Sandakan trip during the by-election there.
Pavilion REIT 3Q NPI slips on higher expenses, pays 2.04 sen
KUALA LUMPUR (Oct 25): Pavilion Real Estate Investment Trust’s (REIT) net property income fell 3.
Empire Resorts’ minority shareholder sues Genting Malaysia and Kien Huat Realty for unfair privatisation deal
KUALA LUMPUR (Oct 16): A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.
Najib's suit against Pua stays withdrawn but latter entitled to damages
KUALA LUMPUR (Oct 15): Damansara Member of Parliament Tony Pua had today managed to set aside the injunction imposed on him by Datuk Seri Najib Abdul Razak in a suit filed by the former prime minister against Pua in relation to 1Malaysia Development Bhd (1MDB) and the proposed amendment to the Syariah Courts (Criminal Jurisdiction) Act 1965 by PAS.
Isa Samad's trial: Ex-Felda DG gives conflicting testimony on whether board approved Kuching hotel purchase
KUALA LUMPUR (Oct 9): Former Federal Land Development Authority (Felda) director-general Datuk Hanapi Suhada appeared to give conflicting testimony today on the question of whether or not approval was given by the Felda board for Felda Investment Corporation Sdn Bhd (FIC) to purchase Merdeka Palace Hotel and Suites in Kuching for RM160 million.
FIC gets RM100m advance from Felda for Kuching hotel purchase
KUALA LUMPUR (Oct 8): Felda Investment Corp Sdn Bhd (FIC) sought to borrow RM100 million from parent Federal Land Development Authority (Felda) in late 2014 to finance the purchase of the Merdeka Palace Hotel and Suites in Kuching, says former Felda finance director Mohd Shahrin Mohd Ali.
Isa Samad trial: Kuching hotel later valued at half the purchase price, says FIC officer
KUALA LUMPUR (Oct 8): The Merdeka Palace Hotel and Suites in Kuching, which was bought for RM160 million by Felda Investment Corporation Sdn Bhd (FIC) between late 2014 and early 2015, was subsequently valued at only RM80 million, a witness testified today in the graft trial of former Felda chairman Tan Sri Mohd Isa Samad.
Ho Hup's The Crown Service Suites is 60% taken up
KOTA KINABALU (Sept 30): Ho Hup Group’s maiden project in Kota Kinabalu, The Crown Service Suites, is 60% taken up.
