IHH Healthcare, Ta Win, Chin Hin, Alam Maritim, Seni Jaya, VSTECS, Bintai Kinden, Kee Ming & MHS Plantations
This article provides a roundup of corporate news in Malaysia, including a forensic audit of IHH Healthcare's acquisition of Fortis, workforce reductions at Ta Win Holdings, and property development updates from Chin Hin Group. It also notes an expansion move by Alam Maritim in the oil and gas sector.
Why it matters
These updates provide critical financial and operational insights for investors tracking the Malaysian stock market and specific regional industrial sectors.
BURSA SGX Home Companies in the news Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (Sept 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:
IHH Healthcare Bhd (KL: IHH ) said India’s Delhi High Court has ordered a forensic audit into how the former Fortis Healthcare Ltd promoters, brothers Malvinder Mohan Singh and Shivinder Mohan Singh, lost their shareholding. The audit will also examine how control of Fortis subsequently changed and the roles played by the relevant stakeholders. The order, dated Aug 31, also directs an examination of the transaction through which IHH acquired a controlling stake in Fortis via its investment vehicle Northern TK Venture Pte Ltd (NTK). — Indian court orders forensic audit into Fortis shareholding, IHH acquisition
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