Malton, Nan Hai Corp's bid to build superstructure in Taipei affected

KUALA LUMPUR: Malton Bhd and Hong Kong-based Nan Hai Corporation Ltd's construction joint venture in Taipei has been affected after the Taiwan government disallowed the remittance of NT$1bil or RM133.66mil.

Malton said on Thursday the money was for the setting up of the special purpose vehicle (SPV) to build a superstructure above the airport express train station near the Taipei main train station.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Malton Bhd , Nan Hai Corporation , Taipei , remittance , Investment Commission

Next In Business News
Genting unit lodges RM5bil unrated MTN programme with SC
SC gives nod to Sunway Healthcare's Bursa Main Market listing
Evergreen Max unit secures RM50mil short-term credit facility from Bank Islam
Ancom Nylex inks RM76.8mil deal to dispose of 50% stake in new unit formed under restructuring
Ringgit extends gains to close higher as US rate cut expectations stay elevated
Gadang sells Selangor land for RM2.5mil
Stocks rise, dollar wilts as investors strap in for Fed rate cut
Bursa Malaysia ends lower as investors eye US data, BOJ decision
Quality Concrete subsidiary bags RM294.59mil contract for Mukah water supply system
Hartanah Kenyalang bags RM42.79mil construction contract in Sarawak

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.