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Supermax ex-MD, remisier acquitted of insider trading following appeal
KUALA LUMPUR: The High Court here has acquitted former managing director of Supermax Corp Bhd Datuk Seri Stanley Thai of insider trading in connection with APL Industries Bhd (APLI) shares.
Kinsteel proposes JV to operate Gurun steel plant
PETALING JAYA: Kinsteel Bhd has proposed to form a joint venture (JV) in which it will own 45% with a China partner Tianjin Qiangbang Industrial Co Ltd (TQI) to operate a steel plant in Gurun, Kedah.
Scomi Group gets injunction to stop demand for payment of RM21m
KUALA LUMPUR: Scomi Group Bhd has obtained a court injunction to stop Tan Sri Nik Awang @ Wan Azmi Wan Hamzah from demanding for the payment of RM21mil together with the interest or any part of it.
Scomi Energy sees 18.1% stake traded off market
KUALA LUMPUR: Scomi Energy Services Bhd, which had been designated as a Practice Note 17 (PN 17), saw 423.96 million shares transacted in an off-market deal at midday on Friday.
Scomi Energy is designated PN 17 company
PETALING JAYA: Scomi Energy Services Bhd has been designated as a Practice Note 17 (PN 17) company after Bursa Malaysia rejected its waiver from being classified as an affected listed issuer.
Bursa Securities rejects Scomi Energy PN17 waiver appeal
KUALA LUMPUR: Bursa Malaysia Securities has rejected Scomi Energy Services Bhd's waiver appeal from being designated as a Practice Note 17 (PN 17) due to concerns about the outlook of the company.
FSBM now a PN17 company
KUALA LUMPUR: Information technology service and systems provider FSBM Holdings Bhd is now a Practice Note 17 (PN 17) company.
Quick take: Brahim’s shares up 9.4% on regularisation plan
KUALA LUMPUR: Shares in Brahim's Holdings Bhd shot up 9.4% after the company found a white knight to help the group get out of the practice note 17 (PN17) status.
Kinsteel gets creditors' nod for regularisation scheme
KUALA LUMPUR: Kinsteel Group Bhd has secured creditors' approval for its scheme of arrangement (SOA) to undertake its regularisation exercise which involved holders of its corporate guarantees to undertake a massive haircut.
