EVENING 5: Five things you need to know today

TheEdge Wed, Sep 04, 2019 08:14pm - 4 years View Original


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

1. A key witness in the 1MDB-Tanore trial says the infrastructure deals cut with China's state-owned enterprises were aimed at bailing out 1MDB.

2. Putrajaya is taking civil action to recover about RM4bil of funds derived from KWAP’s loan to SRC International.

3. CIMB Group says its “core banking system and customer data remain intact” and that it has fixed a technical glitch that affected its systems.

4. PPB Group confirms it is not in discussions with FGV Holdings to acquire a stake in refined sugar producer MSM Malaysia Holdings.

5. MIE Industrial has emerged as the new controlling shareholder of Seremban Engineering with a 69.72% stake, triggering a mandatory general offer.

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