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FINANCIALLY troubled MBf Capital Bhd has received approval from the Securities Commission (SC) for its proposed restructuring scheme that includes a 40-to-1 share capital reduction, asset acquisition and a reverse takeover by Perfect Utilisation Sdn Bhd (PUSB).
THROUGHOUT its history, the Chao International Group, led by founder Datuk T.T. Chao has aimed for disciplined and sustained growth, coupled with strong customer focus and long-term profitability.
The world#8217;s largest diversified mining group, BHP Billiton Ltd/Plc, announced the surprise resignation of chief executive Brian Gilbertson yesterday, citing #8220;irreconcilable differences#8221; with the board. Its executive director Chip Goodyear, known for his rigorous financial analysis, was appointed as the new CEO with immediate effect.