Witness Ken Tai claims to have left queues in the system not for own benefit but to prevent ‘haunted counters’
SINGAPORE (Jan 16): Prosecution witness Ken Tai Chee Ming has again denied making unauthorised trades as a market operator for shares in LionGold Corp in order to churn commission for himself.The former broker was once part of the “inner circle” of brokers and remisiers used by John Soh Chee Wen and Quah Su-Ling to allegedly […]
Court orders Khee San to pay RM16.76m, interest to Bank of China
KUALA LUMPUR (Dec 5): The High Court has ordered Khee San Bhd to pay the Bank of China (Malaysia) Bhd RM16.76 million, together with interest, in the suit that the bank filed against the candy maker to demand repayment of a defaulted loan. This was among the terms contained in a consent judgment delivered by […]
London Biscuits exits Khee San after 20% stake sale
KUALA LUMPUR (Dec 4): London Biscuits Bhd is no longer a major shareholder of associate Khee San Bhd. Financially-stressed London Biscuits announced to Bursa Malaysia that it has sold all its shares in Khee San, which will soon have a new controlling shareholder, Mamee-Double Decker (M) Sdn Bhd. A separate filing with Bursa by […]
Khee San active, jumps 16.39% on emergence of new controlling shareholder
KUALA LUMPUR (Dec 3): Khee San Bhd (KSB) shares jumped 16.39% in active trade this morning after the firm said it is placing out 94 million shares to Mamee-Double Decker (M) Sdn Bhd. At 11:54am, KSB’s share price rose 5 sen to 35.5 sen with some 47.69 million shares traded, for a market capitalisation of […]
Malaysia wins ruling, opens door to public 1MDB proceedings
LONDON: Malaysia won a victory at a London court that will allow public hearings in a dispute between 1MDB and Abu Dhabi’s state investment fund in legal battle over how billions of dollars intended for Malaysia’s economic development was stolen. Judges at the Court of Appeal in London on Tuesday backed Malaysia’s arguments that private […]
U Mobile targets US$500m in IPO
KUALA LUMPUR: U Mobile Sdn Bd, a Malaysian mobile service provider, is planning to raise about US$500mil in an initial public offering in Kuala Lumpur, according to people familiar with the matter. The wireless carrier has asked banks for proposals to help with the potential share sale, the people said. The company is set to […]