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Scan Associates discloses reason for suspending director
KUALA LUMPUR: Scan Associates Bhd director Yeoh Eng Kong, who was suspended for more than five months to facilitate an investigation against him, had been penalised for seeking an extension of time to submit a regularisation plan without the board’s knowledge and approval.
Firmer start for Bursa, Genting leads while ringgit flat
KUALA LUMPUR: Bursa Malaysia chalked up some mild gains on Wednesday, with Genting Bhd and Petronas Gas taking the lead, while the ringgit was flat against the US dollar.
Half of Brazil's population lack full property rights, govt says
RIO DE JANEIRO: Half of Brazil's population cannot prove full legal ownership of their homes, depriving authorities in the recession-hit country of a major source of taxes and deterring local investment, a senior government official said.
Nakamichi ties up with two firms for O&G job
KUALA LUMPUR: Nakamichi Corp Bhd will team up with Aktau Transit LLP and Aktau’s parent company Caspian Oil Project LLP (COP) to undertake an oil and gas (O&G) project in Kazakhstan that will require Nakamichi Corp to invest up to US$146mil (RM649.2mil).
Nakamichi to invest up to US$146mil in Kazakh O&G project
KUALA LUMPUR: Nakamichi Corp Bhd will team up with Aktau Transit LLP and Aktau’s parent company Caspian Oil Project LLP (COP) to undertake an oil and gas (O&G) project in Kazakhstan that will require the company to invest up to US$146mil (RM649.2mil).
KFM shares up on regularisation hope
PETALING JAYA: Kuantan Flour Mills Bhd (KFM) has been spared from a de-listing for now.
KFM’s de-listing deferred as Bursa Securities considers its appeal
KUALA LUMPUR: Kuantan Flour Mills Bhd (KFM), which recently gained and lost a potential investor/rescuer (state-owned Felcra Bhd) within a week, has been spared from a de-listing for now.
Perisai hits all-time low again after falling into PN17
KUALA LUMPUR: Perisai Petroleum Teknologi Bhd saw its share price tumble to an all-time low of 6.5 sen early Thursday after it fell into Practice Note 17 (PN17) following a default in its debt notes.
Perisai triggers PN17 criteria
PETALING JAYA: Perisai Petroleum Teknologi Bhd has triggered Practice Note (PN) 17 (PN17) criteria as it defaulted on debt repayment by its unit Perisai Capital (L) Inc, which issued S$125mil (RM377.27mil) medium term notes (MTNs) which mature on Oct 3.
