News by theedgemalaysia.com

Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that its subsidiary’s RM19.72 million recovery claim against Awana JV Suria Saga Sdn Bhd has not been withdrawn, but has instead been consolidated into a main suit to streamline litigation proceedings.

Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han announced that Forest City’s Special Financial Zone (SFZ) has welcomed its first two family offices, CMY Capital Family Office and Yow Kee Family Office, and attracted interest from 30 other companies to set up operations in Johor Bahru.

MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.

The bank filed the suit in February, and had on April 18 applied to amend its statement of claim to include Kee’s estate.

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. 

The High Court at the same time dismissed Damai City’s application to set aside and stay the adjudication award.

WCE said the term loan facility will be used to part-finance costs and expenses associated with the West Coast Expressway project.

The jump was driven by stronger performance from its malls and newly acquired assets — D'Pulze Shopping Centre in Cyberjaya, TF Value in Perak and industrial asset CR35.

Astino’s wholly-owned unit Astino (M) Colour Steel Sheets Sdn Bhd inked a sale and purchase agreement with various vendors for the deal. 

The new centre will occupy two floors and provide 637 workstations, three meeting rooms, 31 co-working desks, a business lounge and customisable open space designed for businesses of all sizes.