Latest news with #CompanyA
Yahoo
12 hours ago
- Business
- Yahoo
Microsoft and OpenAI Forged a Close Bond. Why It's Now Too Big to Last.
The partnership that made so much sense from 2019 to 2023 has now made each company too dependent on the other. Why a divorce looks inevitable.
The Star
2 days ago
- Business
- The Star
MN Holdings wins RM39.59mil data centre job
PETALING JAYA: MN Holdings Bhd has secured a contract from an information technology services provider (Company A) to design, supply, install, test and commission an electrical supply system for a cable landing station of a data centre in the Southern Region of Malaysia, worth RM39.59mil. In a filing with Bursa Malaysia, the infrastructure utilities and construction services provider said it was unable to disclose the identity of Company A as the company is not agreeable to provide consent for disclosure due to the non-disclosure agreement executed by the parties, which prohibits the disclosure of information in relation to the customer without prior written consent. MN Holdings said the job commenced on April 15, 2025, with the long lead equipment delivery scheduled for Sept 30, 2025. The 'power turn-on' is expected to be on Dec 30, 2025. MN Holdings said the contract will not have any effect on the issued share capital and the shareholding of the substantial shareholders of the company. However, it said the contract is expected to contribute positively to the future earnings and net assets per share of the company upon commencement of the project.
Time of India
5 days ago
- Entertainment
- Time of India
Kim Soo-hyun's fans protest str's asset seizure; threaten to BOYCOTT brand over ‘unjust' legal action
Fans of South Korean actor Kim Soo-hyun have launched a fierce protest against a medical brand that recently secured a court-ordered provisional seizure of the star's property, calling the move unethical and unjust. The controversy has sparked outrage among supporters, who are now threatening to boycott the brand's products if the matter is not resolved transparently. On June 11, Kim's Korean and international fan unions issued a joint statement condemning Company A, which filed for a ₩3 billion (approximately $2.16 million) asset seizure . The Seoul Eastern District Court had approved the provisional seizure of one of Kim Soo-hyun's luxury apartments at Galleria Foret in Seoul's Seongdong District. In their statement, the fan union accused the company of exploiting the actor's image for profit before turning on him following his alleged connection to a past controversy involving the late actress Kim Sae-ron . 'It is extremely unreasonable and irrational for a brand that once benefited financially from Kim Soo-hyun's image to file for asset seizure against him, especially when he is the innocent party,' the group said. Adding to the outrage, fans claimed that Kim's personal information was exposed during the legal proceedings. 'This is a clear case of secondary harm against a victim of false allegations, as well as a serious invasion of privacy,' they noted. The heart of the dispute appears to be an endorsement deal terminated by the brand, which is now demanding financial compensation based on reputational damage allegedly caused by speculative online content. The fan union rejected these claims, calling for accountability to be placed on those spreading false information—not the actor himself. 'As consumers who became aware of your brand through Kim Soo-hyun, we hope this situation does not escalate into a boycott of all your products.' On June 12, Kim Soo-hyun's legal team, LKB & Partners, confirmed the court's approval of the provisional seizure but strongly denied any wrongdoing by the actor. They also refuted allegations made by the controversial YouTube channel Garo Sero Institute, which played a role in fueling the controversy. 'It is clear that Kim Soo-hyun is a victim of a crime, and it is deeply regrettable that he is now facing secondary harm,' the law firm stated.
Malay Mail
6 days ago
- Entertainment
- Malay Mail
Kim Soo-hyun's fans slam brand over asset seizure tied to Kim Sae-ron scandal, warn of boycott
SEOUL, June 15 — Fans of South Korean actor Kim Soo-hyun have publicly criticised a medical device company — identified only as Company A — for filing a court-ordered provisional seizure of his property, calling the move unjust and unethical. According to The Korea Times, Kim's Korean and international fan union issued a statement on June 11 condemning the company's actions. They claimed the process had exposed the actor's personal information, calling it 'a serious invasion of privacy' and 'a clear case of secondary harm against a victim of false allegations'. The fan group accused the brand of capitalising on Kim's public image while unfairly penalising him, despite his innocence. They argued that if reputational damage was at issue, legal action should be directed at those who spread false claims, not at the actor. They also called on the company to clarify its position and resolve the matter responsibly, warning that a failure to do so could lead to a widespread consumer boycott. 'As consumers who became aware of your brand through Kim Soo-hyun, we hope this situation does not escalate into a boycott of all your products,' the statement read. The dispute centres on a 3 billion won (about RM9.3 million) provisional seizure request approved by the Seoul Eastern District Court in May, as reported by the Korean paper, targeting one of Kim's luxury apartments in Galleria Foret, Seoul. The company had reportedly ended its endorsement deal with Kim and demanded compensation after his name was linked to a scandal involving the late actress Kim Sae-ron. Previous reports indicated the company pursued legal action after failing to recover damages from the terminated contract. Kim reportedly owns three high-end units in Galleria Foret, including a penthouse purchased in January 2024. The combined value of the properties is estimated at around 30 billion won. On June 12, Kim's legal team at LKB & Partners confirmed the court-approved seizure but rejected all allegations raised by the YouTube channel Garo Sero Institute. 'The allegations raised by Garo Sero are completely false. It is clear that Kim Soo-hyun is a victim of a crime, and it is deeply regrettable that he is now facing secondary harm,' the law firm stated.
Bloomberg
12-06-2025
- Business
- Bloomberg
Meta, Apple Try Very Different Strategies to Catch Up on AI
Two of the biggest technology companies are taking radically different approaches to compete on AI. But first… Three things to know:
