News Formal

Companies Commission of Malaysia issues directive to East West One Group’s trustee to freeze trust account funds

  • 📰 malaymail
  • ⏱ Reading Time:
  • 18 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Companies Commission Of Malaysia News

East West One Group,Freeze Trust Account Funds

KUALA LUMPUR, April 28 — The Companies Commission of Malaysia (SSM) has issued an order letter to freeze funds in the trust accounts of East West One Planter’s Scheme, East...

Penang should learn from Selangor on how to go from backend chip manufacturing to front-end design work, says Guan EngIn a statement today, SSM said the move was a follow-up to the investigations it is currently undertaking on the companies under East West One Group Sdn Bhd .

“The order letter was sent to Pacific Trustees Bhd, the trustee for EWOG, on April 5, 2024 aimed at safeguarding the interests of investors in the schemes. It is a follow-up to the proposal by EWOG as the main holding company to carry out a recovery and restructuring plan for the schemes by utilising funds in the trust accounts,” it said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rafizi: Malaysia needs more startups, high-tech companies to be listed on BursaKUALA LUMPUR: There is a limited number of start-ups or high-tech companies poised for listing on Bursa Malaysia, as the majority of corporations in M...
Source: theSundaily - 🏆 25. / 51 Read more »

193 COMPANIES AWARDED MALAYSIA DIGITAL STATUS IN Q1 2024KUALA LUMPUR, April 22 (Bernama) -- A total of 193 companies have been awarded the Malaysia Digital Status by the Malaysia Digital Economy Corporation...
Source: theSundaily - 🏆 25. / 51 Read more »

Digital minister: 193 companies awarded Malaysia Digital Status in Q1 2024KUALA LUMPUR, April 22 — A total of 193 companies have been awarded the Malaysia Digital Status by the Malaysia Digital Economy Corporation (MDEC) in the first quater of...
Source: malaymail - 🏆 1. / 86 Read more »