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Hiap Huat said the plant will enable the group to tap into new markets for schedule waste and participate in renewal energy generation.

Tan is believed to own a 4.77% direct stake in George Kent and indirectly controls an additional 37.42% stake.

In a statement today, Minister of Domestic Trade and Consumer Affairs Datuk Seri Saifuddin Nasution Ismail said the decision to defer the Petrol Subsidy Programme (PSP) until further notice, was made in a Cabinet meeting on Dec 18.

On why it is closing the store, the spokesperson said, "The retail market is very dynamic. Store opening and closing is part and parcel of doing business. In Malaysia, shopping malls are mushrooming everywhere and the demographics are ever changing."

"There is still an appeal pending and in order to avoid prejudice on the ministry and smokers, the ministry should consider the request.”

In a note today, TA Securities analyst Tan Kam Meng said that alternatively, Tiong Nam could revisit the idea of unlocking asset value via the establishment of a warehouse real estate investment trust (REIT).

Parkson in its Facebook update on Thursday (Dec 26) put up a post that read "Clearance Sale. Everything must go." The post also said the sale was being held between Dec 27, 2019 and Feb 2, 2020.

As one of the lawyers representing four of the six accused was involved in a freak accident in Klang earlier this month. Lawyer V Rajagopal is said to have been in a coma since yesterday.

In a bourse filing yesterday, the group said Asiabio Capital Sdn Bhd and Tan Sik Eek are calling for the EGM to be convened on Jan 16 to elect Dr Azirul Salihin Anuar, Chua Yeong Lin and Mah Soon Chai to the group’s board.

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.