News by theedgemarkets.com

G&L said in a press statement today that in June 2018, G&L reported to China's Public Security Bureau (PSB), claiming that OldTown's indirect wholly-owned unit Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) granted the trademark to OldTown's China franchisees despite OldTown having full knowledge that it did not own the OldTown trademark.

Speaking to reporters after its extraordinary general meeting (EGM) here today, GSB executive chairman Datin Toh Siew Chuon said the group's strategy is to continue to focus on residential property development. However, should there be any opportunity to go into other types of development, GSB will explore it.

Negotiations between BPMB and Danajamin are expected to be completed within six months from BNM's approval in Dec 2019.

In a statement today, the developer said the lawsuit was made after Econpile failed to carry out piling works for the project worth RM280 million and declared self-determination in early March this year.

The Ministry of Finance said prices per litre for RON95 and diesel were maintained at RM2.08 and RM2.18 respectively.

The findings came from the Malaysian Perception of Smoking and Vaping Survey, a recent opinion poll conducted by market research company Green Zebras Sdn Bhd.

This marks the third postponement. The first deadline was Aug 30, then it was extended to Oct 31 and later to Dec 31.

In a filing with Bursa Malaysia yesterday, it said the bills of demand were issued to its wholly-owned unit Puncak Niaga Management Services Sdn Bhd (PNMSSB), for the period Feb 1, 2016 to Dec 31, 2017.

The property developer said the proceeds from the issuance will also be used to repay borrowings, for working capital and to defray expenses incurred in relation to the sukuk issuance.

The scheme, which will be rolled out from Jan 1 to Feb 29 next year, will entail giving RM30 to each Malaysian aged at least 18 years earning below RM100,000 per annum, which can be used to pay for goods and services through these selected providers.