Executive chairman Datuk Abd Aziz Sheikh Fadzir said poor cash flow, mounting debts and declining sales led to its board of directors on Monday in approving the Creditor's Voluntary Liquidation proposal and appointing UHY Advisory Sdn Bhd as interim liquidator.
While the workers' last date of service is on Oct 31, they have until 1pm today to clean their work stations, pack up and return all company property including access cards and office keys. Among the steps taken were to offer the Voluntary Separation Scheme which saw more than 700 workers being let go, he said.
80 years old newspapers company went bust. OmG. this is really bad
I still remembered the days that we used to play soccer with all races during my primary school years. We laugh, cry and compete but sadly nowadays we often have way less unity.....
UMonline see you again after PRU15 with you guys new look 😊
Just when I’m wondering when are they gonna roll up the business once and for all. 🤘🏻 life goes on...
60 tahun merdeka, 60 tahun memerintah, 60 tahun berkuasa, hari ini lidah biawak rasmi UMNO gugur di tanah Melayu... di mana UMNO diketika ini ?
Good riddance!
Budak tu tak tolong ker?!
Hahaha. Sayonara. Karma is a gr8 thing.
Sign of times: we don't need a racist newspaper anymore... Because we have racists everywhere
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