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Velesto Energy Bhd has announced a RM1.2bil capital reduction exercise to offset its accumulated losses.
KUALA LUMPUR: Velesto Energy Bhd has proposed a capital reduction exercise, reducing RM1.20bil from its issued share capital pursuant to Section 116 of the Companies Act 2016.
WASHINGTON: US President Donald Trump said on Wednesday (March 26) he would be willing to reduce tariffs to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.
DAR ES SALAM, March 24 (Xinhua) -- Tanzania on Monday joined the international community in marking World Tuberculosis (TB) Day, saying the government has successfully reduced new TB infections by about 40 percent in eight years.
KUALA LUMPUR: Capital A Bhd has obtained High Court approval for its share capital reduction and repayment under Section 116 of the Companies Act 2016 as part of the proposed distribution.
KUALA LUMPUR: Niche Capital Emas Holdings Bhd (NICE) has proposed to undertake a bonus issue of warrants, offering one warrant for every two existing ordinary shares held by entitled shareholders on an entitlement date to be determined later.
Vizione Holdings Bhd is proposing a share capital reduction of up to RM500mil to offset its accumulated losses and strengthen its financial position.
PETALING JAYA: Vizione Holdings Bhd is proposing a share capital reduction of up to RM500mil to offset its accumulated losses and strengthen its financial position.
PETALING JAYA: S P Setia Bhd's strategic portfolio restructuring, debt reduction and cost optimisation is likely to continue enhancing the group's financial resilience, as its new revenue streams bring additional growth levers.
KUALA LUMPUR: Advance Information Marketing Bhd (AIM) has proposed a share capital reduction of RM32 million to offset the company's accumulated losses.
After nearly five years of evaluating urban plastic reduction pilot models across Vietnam, the World Wide Fund for Nature (WWF-Vietnam) has identified six highly effective initiatives and recommended scaling them up nationwide.
PETALING JAYA: The government's proposal to reduce the Employees Provident Fund (EPF) contribution from 12% to 2% for foreign workers is reasonable, says the Associated Chinese Chambers of Commerce and Industry (ACCIM).
KUALA LUMPUR: Permaju Industries Bhd has proposed a capital reduction of up to RM258 million via the cancellation of its issued share capital "which is lost and unrepresented by available assets”.
JAKARTA: (Bernama-Xinhua) Indonesia plans to propose a reduction in trade tariffs to the United States through bilateral cooperation between the two countries, Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto said on Monday (Jan 13), as reported by Xinhua.
SHAH ALAM: A woman lost RM95,180 after being deceived by an offer claiming to help reduce the legal charges faced by her husband in court.
Permaju Industries Bhd has proposed a capital reduction of up to RM258mil via the cancellation of its issued share capital “which is lost and unrepresented by available assets”.
KUALA LUMPUR: Green Ocean Corporation Bhd (Gocean) has proposed to undertake a 10-into-one share reduction and as a result a capital reduction of its issued share capital of up to RM92.5 million to offset the company’s accumulated losses.
PUTRAJAYA: The Home Ministry did not receive any orders from the Prime Minister’s Department’s Legal Affairs Division on allowing Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, says Datuk Seri Saifuddin Nasution Ismail.
The outlook will be challenging for selected domestic oil and gas companies, due to implications from a possible cut in capital expenditure (capex) by national oil firm Petroliam Nasional Bhd (PETRONAS) and lower oil prices.
KULAI: The lane width reduction from Sedenak to Kulai on the North-South Expressway (PLUS) to allow the construction of an additional lane is expected not to involve the Chinese New Year and Hari Raya Aidilfitri celebrations for 2025 and 2026.
