PRG board rift widens as Sheah moves to remove newly appointed independent director
Sheah and three other shareholders moved to remove newly appointed independent director Shahjanaz Kamaruddin.
PRG group MD Andrew Chan steps down as boardroom tussle continues
Chan, 47, informed the board of his decision to resign as director on July 6 ‘in the company’s best interest’.
Ahmad Zaki Resources unit slapped with two more winding-up petitions over unpaid works
Ahmad Zaki Resources Bhd (KL:AZRB) said its wholly-owned subsidiary Ahmad Zaki Sdn Bhd (AZSB) has been served with two more winding-up petitions over alleged unpaid claims totalling about RM1.78 million, adding to a string of similar legal actions against the unit over the past two years.
Sime Darby Property’s RM78.6 mil compensation overturned by court
Sime Darby Property Bhd (KL:SIMEPROP) lost its case for additional compensation from the government’s acquisition of its land for the West Coast Expressway project.
Melaka-based developer Parkland files for Main Market IPO
Parkland Bhd, a Melaka-based property developer, has filed for a Main Market listing to raise funds for acquisition of land and for its shareholders.
PRG Holdings seeks to wind up firm linked to largest shareholder over RM64m project dispute
PRG Holdings Bhd (KL:PRG) said on Thursday it will commence a winding-up petition against a company linked to its largest shareholder Datuk Ng Yan Cheng over RM64.24 million in alleged outstanding payments for construction works on a residential project in Kuala Lumpur.
From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal
This may come as one of the most unexpected corporate twists of the year: a Penang-based chicken hotpot restaurant operator has secured a US$50 million (RM203.85 million) deal to provide maintenance and support services for data centres in Malaysia.
Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact
Data centre activity and the broader global technology upcycle are expected to keep Malaysia’s economic growth steady this year, even as the world economy faces pressure from higher energy prices and geopolitical risks, according to the International Monetary Fund (IMF).
Govt expects stable construction material prices, supply as diesel prices moderate
The government expects construction material prices and supply to remain stable after fuel prices moderated following tempered tensions in West Asia.
Bank Negara maintains policy rate, says current stance fit for purpose
Malaysia’s central bank kept the benchmark interest rate unchanged on Thursday, saying that its policy stance is still fit for resilient growth and tame inflation.
