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Kuwait Finance House (M) Bhd (KFH) is providing finance for Ideal Capital Intelligence Sdn Bhd's RM500mil The One, Penang Cyber City commercial project in Bayan Baru.
In the bull run of the early 1990s, Teh Soon Seng could easily rake in a few million ringgit in just a few days.
Weeks after a war of words broke out among Golden Plus Holdings Bhd (GPlus) shareholders over The Royal Gardens project, Teh Soon Seng, the man who oversees the project in Shanghai, broke his silence with a warning that the company could potentially lose up to RM40mil in damages in six months if the battle for control of GPlus board is prolonged.
The entire board of Golden Plus Holdings Bhd (GPlus) has defended its action in safeguarding the interests of the company despite allegations by new major shareholder Indian Corridor Sdn Bhd that it had not obtained a good rate of return from its China investment.