Zahidi appointed chairman of Affin Bank, Suffian to chair Affin Islamic

Affin Holdings Bhd has appointed Tan Sri Dr Mohd Zahidi Zainuddin as the new non-independent non-executive chairman of its wholly-owned subsidiary Affin Bank Bhd with the appointment being effective today. Zahidi, 69, has been chairman of Affin Holdings since October 2005, Affin highlighted in a press statement today. He succeeds Tan Sri Ismail Omar, who […]

FGV CEO Zakaria has till noon tomorrow to reply to show-cause letter

Instead of the 40 more days he asked for, suspended president and chief executive officer (CEO) of Felda Global Ventures Holdings Bhd (FGV) Datuk Zakaria Arshad has only another three days to reply to a show-cause letter regarding alleged procedural improprieties involving credit limit extension given to a customer by a subsidiary of the plantation […]

Cover Story: FGV in turmoil – Three potential candidates in the wings

ALTHOUGH there has yet to be any verdict on the conduct of Datuk Zakaria Arshad, president and CEO of Felda Global Ventures Holdings Bhd (FGV), market talk has it that there are three candidates who could take over the helm of the plantation giant. They are Tan Sri Ismee Ismail, former managing director and CEO […]

Ire-Tex directors sue Tey Por Yee and 19 other

In the latest development in the boardroom tussle at Ire-Tex Corp Bhd, the group’s current directors today filed a suit in the High Court against Datuk Tey Por Yee and 19 others. Besides Tey, the others sued include Ire-Tex director Kong Hon Kay, chief operating officer Christopher Purcell and major shareholders Elite Cosmo Group Ltd […]

Isa says he is last director to be hauled up over FGV saga

Tan Sri Mohd Isa Abdul Samad believes that he is the last director of Felda Global Ventures Holdings Bhd (FGV) to be hauled up by the Malaysian Anti-Corruption Commission (MACC) over alleged irregularities in company dealings and abuse of power at the plantation giant. The former FGV non-executive chairman — who stepped down from his […]

Wintoni’s entire board revamped as possible liquidation looms

Loss-making automation systems designer Wintoni Bhd may yet survive an impending de-listing and a possible liquidation. Its entire board of directors, which initiated steps to wind up the company, has been unanimously replaced with new directors at an EGM today (Tuesday). On the same day, Bursa Malaysia Securities announced that Wintoni securities, whose trading has […]

Azhar heading for Felda Global Ventures?

Malakoff Corp Bhd managing director (MD) Datuk Wira Azhar Abdul Hamid resigned from the company yesterday, fuelling speculation that he could be heading towards Felda Global Ventures Holdings Bhd. In a filing with Bursa Malaysia, the independent power producer said that Azhar’s resignation was effective June 30 and that he had cited “personal and professional […]