KUCHING: AirAsia Bhd and AirAsia X (AAX) have jointly filed a writ of summons at the Kuala Lumpur High Court, claiming some RM479.78 million from Malaysia Airports (Sepang) Sdn Bhd (MASSB). The claim is for loss and damage caused by negligence on the part of MASSB, its servants and/or agents
KUCHING: Fresh from taking control of Sarawak Consolidated Industries Bhd (SCIB), billionaire corporate figure Datuk Dr Mohd Abdul Karim’s next acquisition target is to buy out minority shareholders in Kumpulan Powernet Bhd (KPB). He raised his stake in KPB to about 36.13 percent after acquiring additional 12,251,700 shares (16.09 percent)
KUCHING: Sarawak Cable Bhd (SCB) has proposed a private placement that could raise up to RM7.29 million for its working capital. The power and telecommunication cables manufacturer’s proposed private placement entails the issuance of up to 31.705 million shares, representing up to 10 percent of the existing number of the
KUCHING: All the electricity generated by the Bakun and Murum hydroelectric dams has been sold, the bulk of it going to energy-intensive industries in Samalaju Industrial Park. Stating this, Regional Corridor Development Authority (Recoda) chief executive officer Datuk Ismawi Ismuni said it was, therefore, wrong to allege that Bakun is
KUCHING: Malaysian companies undertaking overseas projects have to ensure that they deliver what have been promised to protect the good name of the country. This is what Serba Dinamik Holdings Bhd has been doing, according to its group chief executive officer Datuk Dr Mohd Abdul Karim. “As a (Malaysian) enterprise,
KUCHING: AirAsia Bhd (AAB) has paid about RM14.16 million to Malaysia Airports (Sepang) Sdn Bhd (MASSB) in relation to the latter’s claim for additional passenger services charges. The payment is based on the amount specified in the garnishee show cause orders dated Aug 23, 2019 to defray the garnishee execution
KUCHING: The traditional “close relationship” between Japan’s new housing starts and imports of plywood from Malaysia and Indonesia has been broken. So is such a relationship between the Japan’s housing starts and its imports of tropical logs, much of which is used to produce plywood. “The first signs of a break
KUCHING: Sarawak Consolidated Industries Bhd (SCIB)’s non-interested directors have recommended the company’s holders of offer shares in relation to the unconditional mandatory take-over offer of the company by Datuk Dr Mohd Abdul Karim Abdullah (offeror) to reject the offer. Under the take-over offer, the offeror will pay RM1.10 per offer
KUCHING: Independent adviser Mercury Securities Sdn Bhd has recommended non-interested shareholders of Dayang Enterprise Holdings Bhd to vote in favour of Dayang’s proposed rights issue and subscription of new redeemable convertible preference shares (RCPS) in Perdana Petroleum Bhd (PPB) during its upcoming extraordinary general meeting (EGM) on Oct 1 in
KUCHING: Sarawak Cable Bhd (SCB) has sought the assistance of the Corporate Debt Restructuring Committee (CDRC) of Bank Negara to restructure its massive debts. The manufacturer of power and telecommunication cables said it had received the approval of the CDRC on its application for assistance to mediate between the company