KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. AmBank (M) Bhd is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho, to recover a housing loan of RM1mn. Nestle (Malaysia) Bhd...
KUALA LUMPUR: Former Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz told the High Court here that former AmBank CEO Ashok Ramamurthy had attempted to conceal his wrongdoings in the 1Malaysia Development Bhd (1MDB) financial scandal. She claimed that Ashok, an Australian, had "every reason" to say something against her for this purpose to cover...
SYDNEY/SINGAPORE: Australia's fourth-biggest bank ANZ Group is selling around 298 million shares or 9% stake worth up to $242 million in Malaysian lender AMMB Holdings, according to a term sheet seen by Reuters on Tuesday. The shares are being offered at between 3.80 ringgit and 3.85 ringgit per AmBank share, according to the sheet, which is equivalent...
