Major shareholder plans to privatise Selangor Properties

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.

Kayin Holdings proposes RM622mil cash repayment

PETALING JAYA: The major shareholder of Selangor Properties Bhd (SPB), Kayin Holdings Sdn Bhd, is looking to privatise SPB at RM5.70 per share through a selective capital reduction and repayment exercise.