EVENING 5: KLCC Holdings to develop 486 acres of Bandar Malaysia
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. KLCC (Holdings) Sdn Bhd, a unit of national oil and gas company Petroliam Nasional Bhd, said that it has acquired 486 acres of Bandar Malaysia land for an undisclosed price.
2. 1Malaysia Development Bhd and its subsidiaries have initiated legal claims exceeding US$1 billion against Hong Kong-headquartered corporate services provider Amicorp Group and its co-founder and chief executive officer Toine Knipping.
3. Bursa Malaysia Bhd is currently embarking on the succession of its chief executive officer Datuk Muhamad Umar Swift through its nomination and remuneration committee.
4. Capital A Bhd is in discussions with aircraft manufacturers Airbus, Embraer and Comac to purchase new aircraft as part of its expansion strategy for its airline operations.
5. Malaysia Airlines Bhd has grounded its brand-new Airbus A330neo for at least 48 hours following “a series of technical issues” in less than a week since its inaugural flight.