News about international

KUALA LUMPUR (Aug 16): 1Malaysia Development Bhd (1MDB) and its four subsidiaries have dropped seven of the 15 defendants in their US$8 billion lawsuit against former office bearers of these companies.

With so many projects in Melaka which have not quite made it yet, could Sheng Tai International’s The Sail Melaka development succeed? What is the underlying confidence for its chairman and founder Datuk Leong Sir Ley in pursuing this and what is the secret to sustaining Sheng Tai’s cash flow in times like this? Here is an excerpt of EdgeProp.

“Of course, there are [good and] bad times, but I would say, like a glass of water, you can say it is either half filled or half empty.

JOHOR BAHRU (July 29): With more new malls opening, coupled with weak market conditions, the hope of abandoned malls in the capital city of the southern region to attract white knights to rescue them seems even harder reported The Star.

KUALA LUMPUR (July 27): Kanger International Bhd said today the bamboo flooring manufacturer had obtained shareholders’ approval to acquire a 51% stake in building materials trading firm Sung Master Holdings Sdn Bhd for RM94.

KUALA LUMPUR (July 23): Property developer Sheng Tai International has unveiled Maritime Cultural Tower, part of the ongoing development of the project The Sail Melaka, with an estimated gross development value (GDV) of RM1 billion which is slated to be completed in 2026.

KUALA LUMPUR (June 24): Global solar company Risen Energy Co Ltd's RM42.

KUALA LUMPUR (June 22): Former Malaysian Bar president Manjeet Singh Dhillon has written to Attorney General (AG) Tan Sri Idrus Harun and Malaysian Bar president AG Kalidas about his concerns over former Federal Court judge Datuk Seri Gopal Sri Ram representing law firm Wong & Partners in relation to a civil suit against the firm, while he is also involved in the prosecution of 1Malaysia Development Bhd (1MDB) cases.

KUALA LUMPUR (June 21): Senior lawyer Rosli Dahlan (pictured) has lodged a police report denying a UK-based portal's claim about his purported relationship with the judiciary, especially Chief Justice Tun Tengku Maimun Tuan Mat.

KUALA LUMPUR (June 10): The next case management for four lawsuits against local parties filed by 1Malaysia Development Bhd's (1MDB) former subsidiary SRC International Sdn Bhd to recover its assets has been set for July 12.