Friday, February 24, 2012

Kian Joo/Can-One

The former MD of KJCF and 13 others have filed an application seeking the review of the Federal Court ruling that gave the nod for Can-One Bhd to buy the 32.9% stake of KJCF. The latest development saw that See and 13 other applicants had sought to restrain Ooi Woon Chee and Ng Kim Tuck from distributing the rm241.11 million from the sale of the 146.13 million KJCF shares to Can-One. They also applied for Can-One be restrained from selling and/or disposing of the whole or any part of the 146.13 million KJCF shares purchased from Kian Joo pending the hearing and final disposal of the application.

Expect the formalization of a concession agreement for the WCE in a matter of weeks to boost IJM’s rising order book prospects, where the highway could present over rm4 billion of job opportunities to underpin the group’s rm8 billion to rm9 billion new contract target in 2012.
AirAsia's FY2011 results will be announced on 22 Feb 2012.

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