Public Bank founder Teh Hong Piow passes away, aged 92
"Teh’s passing is a great loss to the Public Bank group.”
Compensation for forcefully acquired properties should not be subject to income tax, rules apex court
In coming to the decision, the five-member apex court bench led by Chief Justice Tun Tengku Maimun Tuan Mat also held that Section 4C of the Income Tax Act 1967 (ITA), which was enforced in 2014, is rendered unconstitutional.
Benjamin Teo emerges as substantial shareholder in Paramount
Teo, who is the son of the group’s late chairman Datuk Teo Chiang Quan, is deemed to have an interest in 178.32 million Paramount shares pursuant to a transmission of these shares on Thursday (Dec 8).
LFE to undertake private placement to fund construction firm buy
The private placement entails the issuance of 240.41 million new shares — 30% of LFE's total issued shares — to raise RM20.77 million based on an issue price of 8.64 sen apiece.
Tycoon Lee Kim Yew trims stake in Country Heights
Lee disposed of 810,811 shares in the property developer via off market transactions on Tuesday (Dec 6).
Reneuco to undertake housing project in Terengganu jointly with state government
This state government had in August approved the development of the project on 49.92 acres of state land.
Gamuda chairman Mohammed Che Hussein retires
Mohammed has been on the company’s board as chairman since December 2013.
Jiankun hit with RM13m demand notice from JV partner for residential project
FiveStar is seeking the payment of RM12.98 million in unpaid sums due and owed by Jiankun’s unit JKI Development Sdn Bhd pursuant to a joint venture agreement (JVA) dated July 28, 2015, and a supplementary JVA dated Oct 5, 2016.
Sime Darby Property inaugurates commercial centre Temu in City of Elmina
Temu comprises 70 units of two- and three-storey shop offices offering built-ups ranging from 3,074 sq ft to 7,753 sq ft.
ECRL to proceed without amendments, says Loke
"For projects that are already started, we have no issues to continue with them in general."
