KUALA LUMPUR (July 29): Hap Seng Consolidated Bhd is developing its first flagship industrial park which will be completed in the first quarter of 2021.
The case of SRC funds totalling RM42 million Total number of charges: 7 3 counts of criminal breach of trust Offence: Section 409 of the Penal Code Penalty: Maximum 20 years’ jail + whipping + a fine 1 count of abuse of power Offence: Section 23(1) of MACC Act 2009 (punishable under Section 24 of the same act) Penalty: Maximum 20 years’ jail + a fine of not less than five times the amount of the bribe, or RM10,000, whichever is higher 3 counts of money laundering Offence: Section 4(1)(b) of AMLATFPUAA 2001 Penalty: Maximum 15 years’ jail + a fine of RM5 million, or five times the amount, whichever is higher, for each charge ALL eyes will be on the Kuala Lumpur High Court (Criminal 3) on Tuesday, when former prime minister Datuk Seri Najib Razak learns whether he will be acquitted of all seven charges against him in relation to RM42 million belonging to SRC International Sdn Bhd or whether the court will find him guilty of several, if not all, of the charges.
JOHOR BAHRU (July 24): Integrated industrial space solutions provider AME Elite Consortium Bhd has been commissioned by HQ Pack Sdn Bhd, the Malaysian branch of the Netherlands-based packaging company HQ Pack, to construct its expanded facility in [email protected]
KUALA LUMPUR (July 16): Industrialised Building System (IBS) precast manufacturer MGB Bhd (formerly known as ML Global Bhd) has secured an RM215 million contract from its major shareholder LBS Bina Group Bhd's subsidiary to deliver the piling and building works for a housing development project in Kuala Selangor.
Rented for: RM5,000 per month (RM0.
KUALA LUMPUR (July 14): Hextar Global Bhd announced that its wholly-owned subsidiary Halex Link Sdn Bhd (HLSB) completed the sale of its industrial freehold land in Johor to Plato Chemical (M) Sdn Bhd (PCSB) yesterday.
PETALING JAYA (July 13): Mature industrial areas such as Shah Alam in Selangor are to see more redevelopment activities in the near future, said Knight Frank Malaysia executive director of capital markets Allan Sim.
KUALA LUMPUR (July 11): The Construction Industry Development Board (CIDB) has allocated a total of RM70 million to implement several strategic programmes aimed at boosting the capacity and capability of construction industry players who were affected by the movement control order (MCO).
KUALA LUMPUR (July 1): Former 1Malaysia Development Bhd (1MDB) chief executive officer (CEO) Datuk Shahrol Azral Ibrahim Halmi (pictured) said today he had never read Billion Dollar Whale, the bestseller which documents the financial exploits of fugitive businessman Low Taek Jho (Jho Low) and how he made off with billions of ringgit from 1MDB.
PETALING JAYA (June 30): CBRE Global Investors has completed the sale of Mitsubishi Fuso portfolio in Japan comprising 169 properties for JPY$140.