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PETALING JAYA: Following Media Prima Bhd’s RM142.4mil impairment of its investment in Malaysian Newsprint Industries Sdn Bhd (MNI), in which it has a 21.4% stake, the focus is now on Hong Leong Industries Bhd (HLI), which also has a stake in MNI, albeit a larger one at 33.65%.
KUALA LUMPUR: Malaysian Newsprint Industries Sdn Bhd (MNI), a regional paper manufacturer owned partly by The New Straits Times Press (M) Bhd (NSTP) and Hong Leong Industries Bhd (HLI), has begun creditors’ voluntary winding-up proceedings.
PETALING JAYA: Singaporean police are investigating a property company believed to be involved in a ponzi scheme that conned hundreds of Malaysians investors out of millions.
PETALING JAYA: True Group has said that it will pay the outstanding salaries owed to 70 of its staff in Malaysia affected by the sudden closure of its fitness centres.
After a 14-year wait, buyers of Astana Square in Taman Daya, Selayang, are slapped with a RM10mil land premium bill owed by the developer who went bankcrupt.
KUALA LUMPUR: The oil and gas industry endured another challenging year in 2016 as the global supply glut continued to haunt the market, pushing global crude oil prices to their lows.