Penang’s iconic ferries decaying, may be scrapped, says Chow

BUKIT MERTAJAM: All six iconic Penang ferries, which are no longer in use, may be scrapped if no parties are interested in taking over or refurbishing them, says Chow Kon Yeow. The Chief Minister said this was due to the deteriorating and decaying structure of the ferries, which were no longer suitable for transportation services. "I was...

Apex Equity to dispose of Menara Apex for RM55mil

KUALA LUMPUR: Apex Equity Holdings Bhd's wholly-owned subsidiary Apex Development Sdn Bhd is disposing of Menara Apex and the 0.4737ha of freehold land it is situated on in Kajang, Selangor, for RM55mil. Apex Equity estimates the proposed sale will generate net proceeds of RM49.95mil and a gain on disposal of RM39mil, after deducting taxes and expenses, it...