Ex-TIME dotCom CFO Shahnaz Farouque joins MBSB
Former TIME dotCom Bhd (KL:TIMECOM) chief financial officer Shahnaz Farouque Jammal Ahmad has joined Malaysia Building Society Bhd (KL:MBSB) as the banking group’s new CFO.
Former TIME dotCom Bhd (KL:TIMECOM) chief financial officer Shahnaz Farouque Jammal Ahmad has joined Malaysia Building Society Bhd (KL:MBSB) as the banking group’s new CFO.
Tuju Setia Bhd (KL:TJSETIA) said Yeong Sin Khong had become a substantial shareholder after acquiring 18.2 million shares or a 5.74% stake in the construction services group.
The High Court has ruled that the requisition notice from 10 shareholders of Kumpulan Jetson Bhd (KL:JETSON) seeking an extraordinary general meeting (EGM) to remove the directors of the construction group is invalid.
Ageson Bhd (KL:AGES), whose external auditor raised concerns about its receivables as well as its subsidiaries’ revenues and asset valuation, announced that consultant Virdos Lima Consultancy (M) Sdn Bhd (VL Consultancy) did not find any “material adverse findings from its independent assessment”.
Property developer BCB Bhd (KL:BCB) is buying 59 parcels of freehold land in Batu Pahat, Johor, measuring approximately 286.82 acres, for RM83.71 million from oil palm cultivator Lian Hup Seng Sdn Bhd.
RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.
RHB Retail Research said Avaland Bhd (KL: AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level yesterday, on a surge in trading volume.
This projection is backed by the strong participation expected at the BuildXpo exhibition and targeted international business matching sessions, which will attract approximately 25 buyers from at least 10 diverse markets, including China, Thailand, Indonesia, Singapore, Russia, Zambia, Zimbabwe, Korea, Japan, and India.
“[We are considering this Act] to govern the protection of the interest of purchasers, developers and landowners. [This] not only will apply to residential properties, [but also] to commercial properties."
AME Elite climbed as much as 10% or 18 sen to RM1.96 during the morning session. The counter settled at RM1.78 at Tuesday’s noon break, valuing the construction company at RM1.14 billion.