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CONSTRUCTION companies are having a tight cash flow situation with the dearth of projects and tight margins. The situation is even worse for construction companies like Vertice Bhd that has the bulk of its projects in Penang.
PETALING JAYA: Vertice Bhd, formerly known as Voir Holdings Bhd, has appointed former chief justice Tun Arifin Zakaria (pic) as its new non-executive independent chairman.
GEORGE TOWN: Ewein Bhd clarified the company and its subsidiaries are not involved in the Penang undersea tunnel project.
KUALA LUMPUR: Ewein Bhd is seeking to distance the company from the controversial Penang undersea tunnel project amid an on-going investigation by the Malaysian Anti-Corruption Commission (MACC).
KUALA LUMPUR: Shares of Ewein Bhd fell 3.3% in early trade on Thursday after the company confirmed that its group managing director has been remanded by the Malaysian Anti-Corruption Commission (MACC).
PETALING JAYA: Shares of fashion apparel retailer Vertice Bhd fell nine sen to RM1 while that of Penang-based Ewein Bhd, a sheet metal fabricator turned developer, slipped two sen to 45 sen at the close yesterday following the arrests of senior company officials in relation to the RM6.3bil Penang Undersea Tunnel project.
KUALA LUMPUR: JF Apex Research expects AmBank, RHB Bank, Perisai Petroleum and Techfast as among the stocks to watch on Wednesday after the fresh corporate news.
KUALA LUMPUR: Ewein Bhd’s subsidiary Ewein Zenith II Sdn Bhd has scrapped its plan to buy a piece of freehold land that the Penang government had given to Consortium Zenith Construction Sdn Bhd (CZ) as payment for CZ’s work on the Penang undersea tunnel project and three related roads.