Corporate Governance news in Malaysia
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MNC Wireless proposes RM83m capital reduction to clear accumulated losses
MNC Wireless Bhd has proposed an RM83 million capital reduction to offset its accumulated losses. The company reported accumulated losses of RM79.59 million as of May 31, 2026. The exercise, which requires shareholder approval, is expected to be completed in the first quarter of 2027.
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Ahmad Zaki unit seeks High Court restraining order for creditor scheme
Ahmad Zaki Sdn Bhd, a subsidiary of Ahmad Zaki Resources, has filed for a restraining order at the High Court of Malaya in Kuala Lumpur. The filing, made on Aug 28, triggers an automatic moratorium to facilitate a proposed scheme of arrangement with its creditors.