The Penang Development Corporation has made amendments to all offer letters to include clauses on company stock changes prior to signing any agreements, following the contentious equity structure of Umech Land Sdn Bhd.
Penang Chief Minister Chow Kon Yeow has the backing of the state exco to sue tycoon Tan Sri Tan Kok Ping for allegedly defaming him, in remarks over the state’s land deal with Umech Construction Sdn Bhd (Umech).
The Penang Development Corporation’s board of directors has called off the joint venture with Sunway-owned Umech Land Sdn Bhd amid criticism over the land deal involving PDC’s land in Byram, Seberang Prai.
Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil
