The chief executive of one victim, depositor Saigonbank Berjaya Securities JSC (SBBS) - a unit of Malaysia's Berjaya Corporation Bhd - told Reuters that if the ruling was upheld, she had little hope of recouping her bank's $10 million from the perpetrator, who was sentenced to life imprisonment. "We can't afford to lose the case. This represents 70 percent of our capital. Our business may get suspended," Josephine Yei said in an interview.
KUALA LUMPUR: Caely Holdings Bhd is proposing to issue free warrants to entitled shareholders, as the maker of ladies undergarments seeks to raise funds without diluting its shareholders’ stake in the company.
“The company is embarking on the proposed bonus issue of warrants instead of other available proposals to reward existing shareholders after taking into cognisance the financial performance and financial position of the group,” it said in a filing with Bursa Malaysia today.
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