KUALA LUMPUR: Here is a recap of the recent corporate announcements that could draw investor interest.
Malayan Banking Bhd
has obtained a summary judgement at the High Court against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.5mn loan given to them by the bank.
Kuala Lumpur Kepong Bhd is investigating allegations of unethical recruitment practices made against the sub-agents of SOS Manpower Service, its appointed agent to recruit Nepalese foreign workers for its subsidiary KL-Kepong Rubber Products Sdn Bhd.
Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting 1 July 2024, according to the Federation of Sundry Goods Merchants Associations of Malaysia.
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