Latest news with #980
The Star
03-07-2025
- Business
- The Star
Closed wellness chain ordered to refund two clients
Claimants duped by the wellness and spa company waiting to attend hearings at the Johor Consumer Claims Tribunal. A COMPANY manager was caught by surprise when the wellness and spa chain she patronised suddenly ceased operations in May. Molly Tea had signed up for 90 sessions worth RM4,400 with the Taman Nusa Bestari branch of the chain on Sept 12, 2024 and paid through 12 interest-free monthly instalments of RM366.67. 'I chose the body massage and head spa package,'' Tea said when met outside Johor Consumer Claims Tribunal at Menara Ansar, Johor Baru. 'I managed to go for 20 sessions of body massage and head spa. 'My mother went for five head spa sessions,'' she recounted. She made a booking for a body massage in May and was given a May 17 appointment date. 'But when I turned up for my appointment, the place was closed,'' she said. Tribunal president Hafez Zalkapli ordered the respondent to refund RM3,202 to the claimant within two weeks. In a similar case, a housewife and her husband only managed to go for five sessions before the closure of the chain's 29 branches. Lee Yan Shan had signed up for 80 sessions with the company's Mutiara Rini branch, paying RM168 in cash and RM2,232 via online bank transfer on March 30 this year. 'My first treatment was a two- hour body massage on April 6,'' she said. The claimant said that her husband, who works as an accountant in Singapore, went for two body massages. 'I told the person-in-charge that we were able to go for the massage only on Sundays,'' added Lee. The claimant said they attended five sessions on April 6, 13, 20, 24 and 27. 'I called them on May 1 to book our next appointment but was shocked to learn from my sister that the chain had ceased operations,'' said Lee. Hafez ordered the respondent, who was not present, to refund RM1,980 to the claimant within two weeks. Those who need assistance can call 07-227 1755 / 1766 or visit the Tribunal at Level 17, Menara Ansar, Jalan Trus, Johor Baru.
Mint
12-06-2025
- Business
- Mint
Monolithisch India IPO opens today; check GMP, subscription status, issue details, more
Monolithisch India IPO opens for subscription on Thursday, June 12 and will conclude on Monday, June 16. Monolithisch India IPO price band has been set between ₹ 135 and ₹ 143 per equity share, with a face value of ₹ 10 each. Investors can place bids for a minimum of 1,000 equity shares and in increments of 1,000 shares thereafter. Monolithisch India Limited produces and distributes specialized "ramming mass," a heat-resistant refractory utilised in induction furnaces for the iron and steel sector. The company's range of products includes SGB-777, SLM-999, BG-77, Quartzite Grain SLM -980, and SLM 980. As an ISO certified entity, the company focuses on manufacturing tailored ramming mass for heat insulation, which customers use as a refractory consumable in induction furnaces within iron, steel, and foundry operations. The primary customers of the company are iron and steel manufacturers located in Eastern India, predominantly in West Bengal, Jharkhand, and Odisha. The manufacturing facility is located in Purulia, West Bengal. The number of clients increased from 43 in 2023 to 61 by 2025. Monolithisch India's revenue surged by 41%, while its profit after tax (PAT) jumped by 70% from the financial year ending March 31, 2024, to March 31, 2025. As per the red herring prospectus (RHP), the company's sole listed peer is Raghav Productivity Enhancers Ltd (with a P/E of 88.64 times). Subscription for the public issue will open at 10:00 IST during Thursday's deals. Monolithisch India IPO consists of a fresh issue of 54,48,000 equity shares, aggregating to ₹ 82.02 crore. There is no offer-for-sale (OFS) component. The Monolithisch India IPO intends to use the net proceeds from the offering for several purposes, including financing capital expenditures for establishing the Company's manufacturing facility, making investments in its subsidiary, addressing working capital needs, and covering general corporate expenses. Hem Securities Limited serves as the book-running lead manager for the Monolithisch India IPO, whereas Kfin Technologies Limited acts as the registrar for this offering. The market maker for the Monolithisch India IPO is Hem Finlease Private Limited. Monolithisch India IPO GMP today is +36. This indicates Monolithisch India share price was trading at a premium of ₹ 36 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Monolithisch India share price is indicated at ₹ 179 apiece, which is 25.17% higher than the IPO price of ₹ 143. According to the grey market activities from the last seven sessions, the IPO GMP is trending upward today, suggesting a robust listing. The minimum GMP recorded is ₹ 10.00, while the maximum is ₹ 36, as per the insights from investorgain experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
The Sun
11-06-2025
- Automotive
- The Sun
Mitsubishi Motors Launches Enhanced Triton Athlete in Malaysia
MITSUBISHI Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in the country, is celebrating two decades of operations with the launch of an upgraded Triton Athlete. This latest iteration of the brand's flagship pick-up truck combines refreshed styling with improved practicality, reinforcing its reputation for rugged reliability and dynamic performance. The enhanced Triton Athlete arrives at a time when Mitsubishi Motors is marking 20 years of presence in the Malaysian market. As part of the celebrations, the company has rolled out a series of exclusive promotions and incentives for customers. The Triton Athlete, now offered at a revised price of RM159,980 (on-the-road, without insurance, for Peninsular Malaysia), features several design and functional enhancements. These include a more aggressive front bumper garnish that accentuates its commanding presence, a new styling bar that adds to its muscular profile, and a tailgate assist function designed to make loading and unloading more effortless. A decorative body decal also gives the vehicle a distinctive and personalised appearance. MMM has described the new Triton Athlete as a model that reflects its continued commitment to delivering high-quality, high-performance vehicles tailored to Malaysian drivers. The flagship pick-up has enjoyed sustained popularity in the market, with close to 120,000 units sold since its introduction. The model's enduring appeal stems from its ability to combine SUV-like refinement with off-road capability and day-to-day usability. Shinya Ikeda, CEO of Mitsubishi Motors Malaysia, stated that the Triton has become a trusted symbol of strength and dependability among local motorists. He added that the latest enhancements reaffirm the brand's dedication to evolving with customer needs while maintaining the vehicle's core appeal. According to him, the 20th anniversary is a moment to reflect on Mitsubishi's journey in Malaysia and to thank customers for their unwavering support. In conjunction with the anniversary, Mitsubishi Motors is offering an exclusive promotion for Triton Athlete buyers. For a limited period, customers may choose between a five-year free maintenance package or up to RM8,000 in rewards. The Triton Athlete is also backed by a five-year warranty with unlimited mileage, adding to its long-term value proposition. Financing packages through Maybank or Public Bank are also available, with interest rates starting as low as 0.6 per cent. These tailored offers aim to make the range-topping Triton Athlete more accessible to customers across the country. To further engage with the public, MMM is launching a nationwide 'Scratch & Win' contest beginning June 16. Customers who book a new Triton or XPANDER at any authorised Mitsubishi dealership will be eligible to participate. Upon vehicle registration and collection, they will receive a scratch card with prizes including the iPhone 16, iPad, iPods, Seiko watches, and THULE merchandise. As the company celebrates its 20th year in Malaysia, Mitsubishi Motors is using this milestone not only to highlight its achievements but also to reaffirm its focus on innovation, customer satisfaction, and value. The enhanced Triton Athlete stands as a testament to that commitment, offering drivers a compelling blend of style, functionality, and performance.
The Sun
11-06-2025
- Automotive
- The Sun
Mitsubishi Motors unveils enhanced Triton Athlete to mark 20 years in Malaysia
MITSUBISHI Motors Malaysia (MMM), the official distributor of Mitsubishi vehicles in the country, is celebrating two decades of operations with the launch of an upgraded Triton Athlete. This latest iteration of the brand's flagship pick-up truck combines refreshed styling with improved practicality, reinforcing its reputation for rugged reliability and dynamic performance. The enhanced Triton Athlete arrives at a time when Mitsubishi Motors is marking 20 years of presence in the Malaysian market. As part of the celebrations, the company has rolled out a series of exclusive promotions and incentives for customers. The Triton Athlete, now offered at a revised price of RM159,980 (on-the-road, without insurance, for Peninsular Malaysia), features several design and functional enhancements. These include a more aggressive front bumper garnish that accentuates its commanding presence, a new styling bar that adds to its muscular profile, and a tailgate assist function designed to make loading and unloading more effortless. A decorative body decal also gives the vehicle a distinctive and personalised appearance. MMM has described the new Triton Athlete as a model that reflects its continued commitment to delivering high-quality, high-performance vehicles tailored to Malaysian drivers. The flagship pick-up has enjoyed sustained popularity in the market, with close to 120,000 units sold since its introduction. The model's enduring appeal stems from its ability to combine SUV-like refinement with off-road capability and day-to-day usability. Shinya Ikeda, CEO of Mitsubishi Motors Malaysia, stated that the Triton has become a trusted symbol of strength and dependability among local motorists. He added that the latest enhancements reaffirm the brand's dedication to evolving with customer needs while maintaining the vehicle's core appeal. According to him, the 20th anniversary is a moment to reflect on Mitsubishi's journey in Malaysia and to thank customers for their unwavering support. In conjunction with the anniversary, Mitsubishi Motors is offering an exclusive promotion for Triton Athlete buyers. For a limited period, customers may choose between a five-year free maintenance package or up to RM8,000 in rewards. The Triton Athlete is also backed by a five-year warranty with unlimited mileage, adding to its long-term value proposition. Financing packages through Maybank or Public Bank are also available, with interest rates starting as low as 0.6 per cent. These tailored offers aim to make the range-topping Triton Athlete more accessible to customers across the country. To further engage with the public, MMM is launching a nationwide 'Scratch & Win' contest beginning June 16. Customers who book a new Triton or XPANDER at any authorised Mitsubishi dealership will be eligible to participate. Upon vehicle registration and collection, they will receive a scratch card with prizes including the iPhone 16, iPad, iPods, Seiko watches, and THULE merchandise. As the company celebrates its 20th year in Malaysia, Mitsubishi Motors is using this milestone not only to highlight its achievements but also to reaffirm its focus on innovation, customer satisfaction, and value. The enhanced Triton Athlete stands as a testament to that commitment, offering drivers a compelling blend of style, functionality, and performance.
The Star
10-06-2025
- Automotive
- The Star
Dealership ordered to refund buyer RM4,600 for failing to deliver car
IT HAS been over six months since an account executive booked a new car but the vehicle has yet to be delivered to her. Nuraliah Izzati Mohamad Mirizan had gone to a car dealership at one of the hypermarkets along the Kota Tinggi-Johor Baru trunk road on Nov 3, 2024. The dealer, she recalled, had been displaying cars at the common area of the hypermarket for many years. 'My mother had even bought a car from the dealership without any issues,'' said Nuraliah Izzati. The 22-year-old claimant chose a sedan priced at RM49,980 and paid a RM100 booking fee on the same day. She then paid the dealer a RM4,500 deposit via two bank transfers of RM2,250 each on Nov 19 and 20. 'The car was supposed to have been delivered in January this year, as promised by the saleswoman,'' Nuraliah Izzati said when met outside the Johor Consumer Claims Tribunal at Menara Ansar, Johor Baru. However, the company failed to fulfil its promise. The claimant said she felt lucky that she had not signed the bank loan for the car although the loan had been approved on Nov 19, based on documents forwarded to her by the company. 'I went to see the saleswoman again in February and she promised to deliver the car in March before Hari Raya Aidilfitri, which fell on March 31,' Nuraliah Izzati recalled. The claimant added that she had wanted to use the car during the Hari Raya period but once again, the company failed to deliver the vehicle. Dissatisfied with the service rendered by the company, Nuraliah Izzati called the car manufacturer's headquarters in Selangor to check on the status of the car. 'To my surprise, the saleswoman had not even booked the car under my name when I paid the booking fee on Nov 3, 2024,'' said the claimant. Tribunal president Hafez Zalkapli ordered the respondent to refund RM4,600 (comprising the RM100 booking fee and RM4,500 deposit) to the claimant within two weeks. Those needing assistance with regards to Tribunal matters can call 07-227 1755 or 07-227 1766.
