Last 0.06 MYR
Change Today 0.00 / 0.00%
Volume 0.0
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Kuala Lumpur
As of 4:25 AM 04/14/14 All times are local (Market data is delayed by at least 15 minutes).

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07/8/13 - 0.09
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03/11/14 - 0.03
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global carriers bhd (GLBC) Details

Global Carriers Bhd, an investment holding company, is engaged in shipping and property management businesses in Malaysia. It operates through Shipping, Property Investment, and Shipping Management Services segments. The Shipping segment owns ships, and offers shipping freight services. The Property Investment segment is involved in property investment and management activities; and letting of properties. The Shipping Management Services segment provides shipping and management services. The company is based in Kuala Lumpur, Malaysia.

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global carriers bhd (GLBC) Key Developments

Global Carriers Bhd Receives Writ of Summons and Statement of Claim from MIDF Amanah Investment Bank Berhad

The board of Directors of GCB announced that the company had on April 4, 2014 received a writ of summons and statement of claim from Messrs. Shahrizat Rashid & Lee, who is acting on behalf of MIDF Amanah Investment Bank Berhad. The plaintiff's claims against the company for the total amount due and owing to the Plaintiff are as:- (a) the principal sum of MYR 987,896.00; (b) the outstanding coupon of MYR 56,804.00 as at May 23, 2013, which shall continue to accrue (currently at the rate of 5.75% per annum) until the date of full settlement; (c) interest at the rate of 4% per annum on the abovementioned sum from the date of the statement of claim until the date of full settlement; (d) Costs; and (e) any other relief which this Honourable Court deems fit and proper to grant. In the suit against the company, the plaintiff had alleged that the Defendant has breached the terms and conditions of the redeemable unsecured loan stock issuance agreement entered into on April 21, 2003 and the Supplemental RULS Agreement and Depository and Paying Agency Agreement entered on April 26, 2003 when the defendant failed to make the repayments in accordance to the revised redemption scheduled stipulated in Clause 2.1(a) of the Supplemental RULS agreement. The suit is not expected to have any operational impact on the operation of GCB and its subsidiary companies. In the event the outcome is not in favor of the defendant, the expected losses incurred by defendant will be up to the sum of claim of MYR 987,896.00, the interest costs and any incidental expenses in relation thereto. However, the company is seeking the necessary legal advice to resolve and/or defend against the suit. The suit has been fixed for case management on April 15, 2014 in the Kuala Lumpur High Court.

Global Carriers Bhd Announces the Appointment of Zulkiflee Bin Ishak as Independent & Non Executive Director, Member of Audit Committee

Global Carriers Bhd announced the appointment of Zulkiflee Bin Ishak as Independent & Non Executive Director, Member of Audit Committee, effective March 26, 2014.

Global Carriers Bhd Appoints Lee Kien Fatt as Independent & Non Executive Chairman of Audit Committee

Global Carriers Bhd announced the appointment of Lee Kien Fatt as Independent & Non Executive Chairman of Audit Committee, effective March 26, 2014. From 2004-present has was the Director of Fattco Holdings Sdn Bhd.


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