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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.
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.
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.
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.
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.
KUALA LUMPUR: Information technology service and systems provider FSBM Holdings Bhd is now a Practice Note 17 (PN 17) company.
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.
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.