Here is a brief look at some corporate announcements and news flow on Wednesday (Aug 17), which involve AMMB Holdings Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd, Swift Haulage Bhd, Teladan Setia Group Bhd, Kuala Lumpur Kepong Bhd, Sime Darby Bhd, Tenaga Nasional Bhd, PMB Technology Bhd and Malaysia Pacific Corp Bhd.
Malaysia Pacific Corp Bhd whose shares will be suspended from trading effective from Friday (Aug 19) has bagged two subcontracts worth RM44.91 million from Windsor Aims Machinery Sdn Bhd.
Until recently, these three companies had little in common. However, Malaysia Pacific Corp Bhd (MPCorp), GIIB Holdings Bhd and Caely Holdings Bhd have shown a glaring lack of clarity and gaps in their disclosures to Bursa Malaysia of late, leaving shareholders without a clear picture of possible impact.
KUALA LUMPUR (April 15): Practice Note 17 (PN17) company Malaysia Pacific Corp Bhd (MPCorp) has teamed up with privately-held company Chesland Sdn Bhd to jointly develop a 5.7ha piece of land in Johor Baru.
KUALA LUMPUR (Dec 24): Property firm Malaysia Pacific Corp Bhd s (MPCorp) sub-subsidiary Taman Bandar Baru Masai Sdn Bhd (TBBMSB) has been served with a notice of application yesterday by trustee company Amanahraya Development Sdn Bhd.
In a bourse filing, MPCorp said the application has been fixed for case management on Jan 17, 2021 at the High Court.
Under the application, Amanahraya is seeking court approval to be given leave to vary the terms of a court order filed on Feb 29, 2016.
The trustee company is also seeking to revise the sum owed by TBBMSB amounting to RM115 million as at Jan 31, 2016 to RM155.16 million as at Nov 3, 2020, as well as cost and such other relief that the court deems fit and proper.