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KUALA LUMPUR: Stocks to watch for on Tuesday include Press Metal, Ancom, Nylex, LBS Bina, Gabungan AQRS, TDM, Sumatec Resources, Greenyield and Jankun International, said JF Apex Research.
TRYING to follow the ventures of CN Asia Corp Bhd is no easy feat. From blockchain to digital banking and from green energy to the metaverse.
KUALA LUMPUR: Trading in shares of oil and gas company Sumatec Resources Bhd remained suspended after it failed to announce its quarterly report for the period ended June 30, 2021, by the extended deadline.
A recent Federal Court decision confirms that remedies in a statutory oppression action may extend to the directors of the subject company and third parties. The decision establishes the wide scope and remedies available in a statutory oppression action, in line with its expressed purpose of "bringing to an end or remedying the matters complained of". This provides welcome clarity with regard to Section 346 of the Companies Act 2016.