EVENING 5: EPF and LTH no longer substantial shareholders of Globetronics
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Both the Employees Provident Fund and Lembaga Tabung Haji are no longer substantial shareholders of Globetronics Technology Bhd following the company's recent announcement that its external auditor KPMG PLT has voluntarily resigned.
2. East West Horizon Plantation Bhd, which manages oil palm plantation schemes, and its officers Dr Jessie Tang and Terrence Mark, were charged in the Sessions Court on Friday for alleged trust deed violation.
3. MMAG Holdings Bhd is going to take over Velocity Capital Partner Bhd's stake in its 86.09%-owned loss-making subsidiary, Line Clear Express Sdn Bhd.
4. PGF Capital Bhd is buying a piece of land in Kedah for RM40 million to be developed into a factory that will eventually triple its capacity.
5. Former Malaysian Merchant Marine Bhd executive deputy chairman Datuk Ramesh Rajaratnam has filed a lawsuit seeking a declaration from the courts that the Capital Markets and Services Act 2007 is unconstitutional.