Monday 29 Apr 2024
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EVENING 5: MAA throws support behind KNM’s current board, opposes new appointments

Here’s a quick look at some of the stories that made headlines today.

Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.

1. MAA Group Bhd, which holds an 8.55% equity stake in cash-strapped KNM Group Bhd, intends to vote in favour of retaining the current KNM directors, and is against the appointments of new candidates.

2. The fifth and final vessel of the troubled littoral combat ships issue will not be ready until 2029, according to the Public Accounts Committee.

3. Petronas Chemicals Group Bhd has reached a final investment decision to construct Asia’s largest advanced chemical recycling plant in Pengerang, Johor.

4.  Alliance Bank Malaysia Bhd will relocate to a new corporate head office after it acquired a 24-floor office suite in Jalan Ampang, Kuala Lumpur, for RM405.84 million.

5. Low-cost carrier MYAirline Sdn Bhd, which saw its chief executive officer Rayner Teo step down on Sunday, has received a two-year extension to its air operator’s certificate.
 

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