EVENING 5: Five things you need to know today

TheEdge Fri, Mar 01, 2024 10:06pm - 1 month View Original

EVENING 5: Sapura Energy’s Mexican unit declared bankrupt

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. Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame.

2. Having missed the deadline to release its fourth quarter ended Dec 31, 2023 results, Country Heights Holdings Bhd is likely to be slapped with a trading suspension.

3. Fertility care company Alpha IVF Group Bhd on Friday began taking orders from investors for its initial public offering to raise up to RM466.5 million.

4. Developer YNH Property Bhd has redesignated its senior independent, non-executive director Khong Kam Hou as chairman of its audit committee to help the group in fulfilling its oversight and fiduciary duties.

5. Home Minister Datuk Seri Saifuddin Nasution Ismail announced on Friday that the government will no longer allow the entry of foreign workers into the formal sector from the active quota, effective June 1.

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