Chin Hin completes 12.27% stake buy in Ajiya for RM54.2 mil
Chin Hin Group Bhd (KL:CHINHIN) completed its purchase of an additional 12.27% stake in Ajiya Bhd (KL:AJIYA) for RM54.2 million, raising its stake in the building materials maker to 66.36%.
Ho Hup seeks court order to formulate scheme of arrangement
The company is also seeking a restraining order to prevent legal action being taken against the company “to allow the company the necessary breathing space" to come out with the scheme of arrangement.
GDB secures court order to enforce adjudication award relating to 8 Conlay project
The High Court at the same time dismissed Damai City’s application to set aside and stay the adjudication award.
West Coast Expressway operator receives government consent for RM1.15b financing from Bank Pembangunan
WCE said the term loan facility will be used to part-finance costs and expenses associated with the West Coast Expressway project.
Astino to buy 21-acre land in Penang for RM30.41m
Astino’s wholly-owned unit Astino (M) Colour Steel Sheets Sdn Bhd inked a sale and purchase agreement with various vendors for the deal.
Matrix Concepts says major shareholders to inject Selangor property business
Agreements have been signed for Matrix to acquire a 50% stake in Horizon L&L Sdn Bhd, the entire equity stake in Exoland Property Management Sdn Bhd, and 30% of Horizon L&L (SEL) Sdn Bhd for RM77.9 million cash.
HHRG suspends CEO for two weeks pending internal probe
During the suspension period, executive deputy chairman Datuk Paduka Ammar Shaikh Mahmood Naim will assume full authority over the company's operational and managerial matters,
Ho Hup ordered to pay contractor in adjudication decision
Ho Hup Construction Co Bhd (KL:HOHUP) said its subsidiary has been ordered to pay a contractor RM7.37 million in an adjudication decision involving a dispute over payment claims.
LSH Capital says former KL Tower operator’s lawsuit ‘without merit’, followed procurement process
Lim Seong Hai Capital Bhd (KL:LSH), which has been slapped with a lawsuit by the former operator of Kuala Lumpur Tower, said that the claim against its subsidiaries is without merit and cannot be established.
Genting says Nevada authorities have signed off settlement terms for Las Vegas complaint
Genting Bhd (KL:GENTING) said on Friday the Nevada Gaming Commission has accepted the terms of a settlement in relation to a complaint against its Las Vegas resort.
