Lotte Chemical Shrinks Losses To RM173 Million As Margins Improve
In other developments, Advancecon Holdings' unit has filed a RM10.17 million adjudication claim against CCC-ECRL over unpaid works, while Infomina's subsidiary initiated a RM133 million lawsuit against a Philippine bank for outstanding sums.
Meanwhile, Citaglobal is set to acquire a 12.8% stake worth RM40 million in a Perlis Maritime Corridor developer, signalling expansion in infrastructure ventures.
On the corporate front, XOX Technology appointed Mohd Effendi as its new CEO to drive strategic growth, while Hong Seng Consolidated faces a trademark infringement lawsuit that could impact its branding operations.
Read full stories here on MorningBytes: LOTTE Chemical Reports Narrowed Q2 Loss Of RM173 Million
https://www.businesstoday.com.my/2025/08/05/advancecon-unit-files-rm10-17-million-adjudication-claim-against-ccc-ecrl Infomina Subsidiary Files RM133 Million Lawsuit Against Philippine Bank Citaglobal To Acquire 12.8% Stake In Perlis Maritime Corridor Developer For RM40 Million XOX Technology Appoints Mohd Effendi As New CEO Hong Seng Consolidated Slapped With Trademark Infringement Lawsuit
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