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Apex court considers application of Prest in piercing corporate veil

Introduction
A separate legal entity – or rather, a corporate veil – exists to separate a corporate entity from its incorporators upon incorporation. Citing the century-old case
Solomon v A Solomon & Co Ltd,(1) Justice Nallini Pathmanathan stated the following in
Ong Leong Chiou v Keller (M) Sdn Bhd:(2)
The juristic principle comprising the bedrock of company law is the legal fiction that on incorporation, the corporate entity is clothed with a separate and distinct personality. It is a legal person distinct from its members.(3)
It is also well established that the corporate veil can be lifted or pierced when the corporation is used for fraudulent, dishonest and unlawful purposes. ....

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Bursa Malaysia opens slightly lower, gloves cap downtrend | Money

Friday, 23 Apr 2021 10:00 AM MYT
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was slightly lower by 0.28 of-a-point at 1,607.45, with gains in glove stocks limiting the downtrend. Reuters pic
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KUALA LUMPUR, April 23 ― Bursa Malaysia has opened slightly easier on the last trading day of the week amidst continued Covid-19 jitters and weaker overnight Wall Steet.
At 9.10am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was slightly lower by 0.28 of-a-point at 1,607.45, with gains in glove stocks limiting the downtrend.
The market bellwether opened 0.45 of-a-point lower at 1,607.28. ....

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Bina Puri JV company bags RM183m contract for construction work in Nepal

Bina Puri JV company bags RM183m contract for construction work in Nepal
The Edge
2 hrs ago
Syafiqah Salim
© Provided by The Edge
KUALA LUMPUR (April 20): Bina Puri Holdings Bhd said its 20% joint venture (JV) company has bagged a contract worth 5.2 billion Nepali rupee (RM183 million) for a new construction project in Nepal.
According to a bourse filing today, Bina Puri Kalika-Samanantar JV has been awarded the contract by the Supreme Court of Nepal for the construction of the Supreme Court Building Complex at Ramshahpath, Kathmandu.
Bina Puri said the contract period is 36 months, commencing April 1, 2021.
The group said the contract will have no material effect on the share capital and substantial shareholders’ shareholding of Bina Puri. ....

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Bina Puri wins RM183 million building job in Nepal

Bina Puri wins RM183 million building job in Nepal
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Bina Puri wins RM183 million building ..（JCN プレスリリース）

Bina Puri wins RM183 million building ..（JCN プレスリリース）
zaikei.co.jp - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zaikei.co.jp Daily Mail and Mail on Sunday newspapers.

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