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PETALING JAYA: Tanjung Offshore Bhd managing director Harzani Azmi has emerged as a substantial shareholder in Bio Osmo Bhd, spurring speculation that the loss-making bottled water manufacturer might change its course into the more lucrative oil and gas (O&G) sector.
KUALA LUMPUR: Oil-and-gas services provider Tanjung Offshore Bhd has filed a suit against the former group adviser and managing director Harzani Azmi and two other parties over alleged breaches of fiduciary duties.
KUALA LUMPUR: Tanjung Offshore Bhd minority shareholder, Tan Sri Tan Kean Soon, in calling for more accountability within the group's board of directors, strongly believes issues surrounding the oil and gas company can be rectified amicably.
KUALA LUMPUR: The increase in Real Property Gains Tax (RPGT) on the profits from the disposal of real estate, as proposed in the Budget 2019, will see increases in sub-sale prices of real properties, says the Malaysian Institute of Architects (PAM).
KUALA LUMPUR: The former group adviser and managing director of oil-and-gas services provider Tanjung Offshore Bhd, has claimed trial to two charges of fraudulent inducement and money-laundering.
PETALING JAYA: The proposed reverse takeover (RTO) of Tanjung Offshore Bhd (TOB) by several parties, including a unit of Paris-based oil and gas (O&G) giant Bourbon SA, is being opposed by a group of minority shareholders who want the option of being able to sell their shares to the new owners.
PETALING JAYA: Tanjung Offshore Bhd, which is attempting to return to the offshore services vessel (OSV) market, will take a longer time than expected to secure its new business stream.