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TOKYO: SoftBank Group Corp has scrapped an agreement to spend US$3bil to buy WeWork stock from former chief executive officer Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
NEW YORK: Troubled companies behind on their bills or already in bankruptcy may be out of luck when it comes to getting federal funds from the US stimulus package
KUALA LUMPUR: Kossan Rubber Industries Bhd has agreed to sell its land in Kuala Langat, Selangor to a new buyer at a higher price, less than three weeks after it terminated a deal with a paper and pulp producer.
TOKYO: SoftBank Group Corp said it has terminated a US$3bil tender offer for additional WeWork shares agreed last year with shareholders, drawing threats of legal action and plunging the floundering office space company further into crisis.
KUALA LUMPUR: Kwasa Land, a wholly owned subsidiary of the Employees Provident Fund (EPF), has named Mohamad Hafiz Kassim as its managing director, effective April 1, 2020.
KUALA LUMPUR: Kinsteel Bhd's wholly owned subsidiary Kin Kee Steel Service Centre Sdn Bhd is entering negotiations with Tianjiin Qiangbang Industrial Co Ltd to form a joint venture company.
SEATTLE: Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
KUALA LUMPUR: Sapura Energy Bhd saw its shares rose over 6% in early trade after the company said it is currently in discussion with banks to refinance borrowings.
KUALA LUMPUR: Shares in Minetech Resources Bhd continued its uptrend in early trade Thursday after its chairman raised his stake in the company.
KUALA LUMPUR: Stocks to watch on Thursday include Wong Engineering Corporation Bhd, Yinson Holdings Bhd, Keck Seng (M) Bhd, Genting Bhd and Landmarks Bhd, according to JF Apex Research.