KUALA LUMPUR: Worldwide Stainless Sdn Bhd has reached an agreement with Spain-based stainless steel leader Acerinox SA to acquire Bahru Stainless Sdn Bhd for a total consideration of US$95 million or RM407.55 million.
Read MorePUTRAJAYA: The Federal Court on Tuesday set aside earlier decisions by the High Court and the Court of Appeal, both of which ordered, among others, a specific performance against Detik Ria Sdn Bhd to sell its 49% stake in Sri Han Suria Sdn Bhd which owns Prudential Assurance Malaysia Bhd (PAMB) to Prudential Corp Holdings Ltd and The Prudential Assurance Company Ltd.
Read MorePUTRAJAYA (July 30): The bid by Prudential Corp Holdings Ltd and The Prudential Assurance Company Ltd to wholly own the insurance operation in Malaysia — Prudential Assurance Malaysia Bhd (PAMB) — has failed. In setting aside earlier decisions by the High Court and Court of Appeal, the Federal Court on Tuesday ruled that Detik Ria Sdn Bhd had no obligation to sell its 49% stake in Sri Han Suria Sdn Bhd, which owns PAMB.
Read MoreKUALA LUMPUR: Landasan Lumayan Berjaya Sdn Bhd (LLBSB) has denied allegations and a police report made on April 20 by activist and politician Badrul Hisham Shaharin that it was given land in Dengkil by the Selangor government. In a statement issued by Berjaya Land Bhd, LLBSB said the allegations are not only baseless and inaccurate but also maliciously intended to hurt its reputation.
Read MoreKUALA LUMPUR (April 22): The High Court (Commercial division) on Monday ordered businessman Datuk Lim Kok Boon to pay a civil penalty of RM1 million to the Securities Commission Malaysia, in addition to pay another RM142,500 for three times the disgorgement of the gain made by his friend Cheah Mean Har after finding both of them liable for insider trading.
Read MoreKUALA LUMPUR (April 4): A legal challenge over the termination of a highly-lucrative government fleet car contract will proceed after the High Court gave more time for relevant paperwork to be filed. On Thursday, judge Datuk Ahmad Kamal Md Shahid delivered his brief ruling that allowed Cekap Urus Sdn Bhd, a joint venture backed by Berjaya Corp Bhd, to file the so-called Form 110 among other documents on or before April 15.
Read MoreKUALA LUMPUR (Feb 6): Tycoon Tan Sri Vincent Tan and his company Berjaya Land Bhd have filed a defamation suit against blogger Raja Petra Kamarudin for reposting a defamatory speech by Kedah Menteri Besar (MB) Datuk Seri Muhammad Sanusi Md Nor over the Selangor Maritime Gateway (SMG) project on Raja Petra’s Twitter (now known as X) and YouTube accounts.
Read MoreSHAH ALAM (Dec 6): The High Court here on Wednesday granted an inter-partes injunction sought by Berjaya Land Bhd (BLand) and Berjaya Group founder Tan Sri Vincent Tan against Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor, which prohibits the PAS politician from repeating his comments with regard to the Selangor Maritime Gateway project until the disposal of the defamation suit against him.
Read MoreKUALA LUMPUR (Oct 30): The Federal Court on Monday set aside the Court of Appeal's (COA) decision two years ago to cancel the Selangor Turf Club (STC) project mooted by Berjaya Land Bhd in 2004. In a bourse filing, Berjaya Land said the apex court allowed its appeal against the Selangor government and the director of the Selangor Country Planning Department (JPBD) with costs of RM80,000, and reinstated the orders made by the High Court in 2017.
Read MoreThe Shah Alam High Court has allowed tycoon Vincent Tan’s bid for an ad-interim injunction against Kedah Menteri Besar Muhammad Sanusi Md Nor. The civil court made the ruling this morning when it postponed today’s initially scheduled hearing - of the businessperson’s inter parte (both plaintiff and defendant present) injunction bid - to Oct 25.
Read MoreKUALA LUMPUR (Aug 24): The High Court (Appellate and Special Powers division) has on Thursday (Aug 24) granted leave (permission) to Cekap Urus Sdn Bhd, a joint venture (JV) company owned by tycoon Tan Sri Vincent Tan Chee Yioun’s Berjaya Group and Naza Group, to officially mount a legal challenge over the termination of a vehicle fleet project by the government.
Read MoreKUALA LUMPUR (Aug 22): The hearing for tycoon Tan Sri Vincent Tan Chee Yioun’s Berjaya Group and Naza Group's joint venture (JV)'s application for leave (permission) for judicial review to challenge the Finance Ministry (MOF), government and Spanco Sdn Bhd over the termination of a vehicle fleet project has been fixed for Thursday (Aug 24).
Read MoreKUALA LUMPUR, Aug 17 — Berjaya Corporation Berhad founder Tan Sri Vincent Tan today obtained a court order to temporarily stop Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor from making and repeating alleged defamatory remarks against the businessman, until the end of Tan’s defamation lawsuit against the politician.
Read MoreKUALA LUMPUR, Aug 10 — Berjaya Corporation Berhad founder Tan Sri Vincent Tan and Berjaya Land Berhad has slapped a defamation lawsuit against caretaker Kedah menteri besar Datuk Seri Muhammad Sanusi Md Nor, seeking compensation over his remarks in an August 2 speech in relation to land in Selangor.
Read MoreKUALA LUMPUR (Aug 10): Berjaya Corp Bhd (BCorp) founder and adviser Tan Sri Vincent Tan (pictured) and BCorp's unit Berjaya Land Bhd (BLand) are suing caretaker Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor over alleged defamatory remarks relating to the Selangor Maritime Gateway (SMG) project.
Read MoreKUALA LUMPUR: Berjaya Group founder Tan Sri Vincent Tan has filed a suit against government and Spanco Sdn Bhd over a multi-million ringgit vehicle fleet concession. Tan claimed that the group, in a consortium with Naza Group, had been picked to manage the fleet concession by the previous administration through a Letter of Intent (LoI) issued in 2018.
Read MoreKUALA LUMPUR (Feb 22): Berjaya Assets Bhd has been sued by Violet Circle Sdn Bhd for RM97.6 million for pulling out of an agreement to acquire the remaining 50% stake in Sarawak gaming firm Megaquest Sdn Bhd.
Read MoreKUALA LUMPUR (April 15): 7-Eleven Malaysia Holdings Bhd (SEM) has settled its lawsuit against the operator of Dego Ride. Under the amicable settlement recorded at the High Court, Dego Malaysia Sdn Bhd and its founder Nabil Feisal Bamadhaj are to pay SEM's wholly-owned unit 7-Eleven Malaysia Sdn Bhd, and web service provider Qinetics Solutions Sdn Bhd, a sum of RM2.8 million.
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