ARIES Telecoms (M) Bhd, formerly known as V Telecoms Bhd, was once hailed as the first telecommunications company in Malaysia to have a regional presence in Southeast Asia with its planned US$5 billion Vasseti South Asia Network (VSAN) project. However, the mammoth undertaking, which boasted that it would have more than 30,000km of terrestrial fibre-optic infrastructure across the region, did not pan out, as Bank Pembangunan Malaysia Bhd (BPMB) found out following the conclusion of its investigations in January this year.
Bank Pembangunan Malaysia Bhd (BPMB) was granted an ex-parte Mareva injunction by the High Court here an asset freezing order against 23 out of 27 defendants, which is part of a legal action over a RM400 million loan granted to Aries Telecoms (M) Bhd.
KUALA LUMPUR, July 8 The High Court here today granted Bank Pembangunan Malaysia Bhd (BPMB) an ex-parte Mareva injunction against 23 out of 27 defendants as part of a civil.
KUALA LUMPUR, June 29 Bank Pembangunan Malaysia (BPMB) has filed a lawsuit against 27 individuals and entities, including its former president and group managing director Datuk.
Based on corporate announcements and news flow on Monday, companies in focus on Tuesday (Oct 5) may include Genting Bhd, Mesiniaga Bhd, Heineken Malaysia Bhd, Silver Ridge Holdings Bhd, SC Estate Builder Bhd, Ni Hsin Group Bhd, Freight Management Holdings Bhd, Jade Marvel Group Bhd, Rubberex Corp (M) Bhd, Sinmah Capital Bhd, Media Prima Bhd, Hibiscus Petroleum Bhd and Bertam Alliance Bhd.