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AmProp teams up with UK’s Chelsfield to invest in office properties Shanghai

AmProp teams up with UK’s Chelsfield to invest in office properties Shanghai

PETALING JAYA: Amcorp Properties Bhd (AmProp) plans to invest up to RMB107 million (RM66.19 million) to collaborate with Chelsfield Asia Fund 1 Limited Partnership to buy office properties in Shanghai, China, as part of its strategy to diversify its property investment and development portfolio. The parties, as co-investors, intend to acquire five floors of strata […]

April 16, 2018 | By | Reply More
Ekuinas enters E&E segment by buying into Flexi Versa Group for RM330m

Ekuinas enters E&E segment by buying into Flexi Versa Group for RM330m

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) is buying a controlling stake in Flexi Versa Group Sdn Bhd at enterprise value of RM330 million. The acquisition marks Ekuinas’ foray into the electrical and electronics industry, venturing into precision manufacturing. This is Ekuinas’ second investment in the manufacturing sector following the acquisition of a homegrown lighting design […]

April 16, 2018 | By | Reply More
All Bursa investors can deal in intraday short selling from today

All Bursa investors can deal in intraday short selling from today

KUALA LUMPUR: Bursa Malaysia has today implemented Intraday Short Selling (IDSS) for all investors as part as its ongoing initiative to boost market liquidity.  Under the IDSS framework, investors will be able to sell securities first and buy the securities later within the trading day itself. IDSS can be carried out on a selected list […]

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IHH Healthcare fails to take over India's Fortis Healthcare

IHH Healthcare fails to take over India's Fortis Healthcare

NST Business KUALA LUMPUR: IHH Healthcare Bhd’s offer to take over India-based Fortis Healthcare Ltd has been rejected. IHH yesterday said Fortis had declined to engage with it regarding the takeover offer, citing binding agreements with other suitors. “IHH had on April 11 issued a strictly non-binding letter to the board of Fortis Healthcare Ltd, […]

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Kelington outstanding orderbook grows to RM267.3m

Kelington outstanding orderbook grows to RM267.3m

NST Business  KUALA LUMPUR: Kelington Group Bhd (Kelington)’s total outstanding orderbook is now at RM267.3 million after securing new orders worth RM77.5 million in the first quarter of 2018 (1Q18). The integrated engineering solutions provider explained that 85 per cent of the new orders originated from the Ultra High Purity (UHP) segment to provide specialised […]

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Palm oil council says UK supermarket chairn Iceland misleads consumers

Palm oil council says UK supermarket chairn Iceland misleads consumers

JAKARTA: The Council of Palm Oil Producing Countries (CPOPC), a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland’s decision to remove palm oil from its own-brand food products misleads consumers. Iceland said last week that due to concerns over rainforest destruction it would remove palm oil from all of its […]

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AirAsia X not buying Airbus A350 – 'too expensive'

AirAsia X not buying Airbus A350 – 'too expensive'

SINGAPORE: AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline’s co-group CEO said yesterday, despite the airline having 10 of them on order. “The A350 is not an aircraft we will buy,” AirAsia X co-group CEO Tan Sri Tony Fernandes said in a Facebook Live chat from London. […]

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No plans for AirAsia X to buy 'too expensive' Airbus A350: Tony Fernandes

No plans for AirAsia X to buy 'too expensive' Airbus A350: Tony Fernandes

SINGAPORE: Malaysia’s AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline’s co-group CEO said on Monday, despite the airline having 10 of them on order. “The A350 is not an aircraft we will buy,” AirAsia X co-group CEO Tony Fernandes said in a Facebook Live chat from London. […]

April 16, 2018 | By | Reply More
RAM Ratings sees higher inflation of 1.6% in March

RAM Ratings sees higher inflation of 1.6% in March

PETALING JAYA: RAM Ratings expects the headline inflation rate to marginally increase to 1.6% in March, after it dropped to 1.4% in February, the lowest since October 2016. The rating agency said the slight acceleration in inflation for March is primarily attributable to an anticipated recovery in food inflation, which temporarily dipped to 3% in […]

April 16, 2018 | By | Reply More
Rafidah Aziz resigns as Supermax's chairman

Rafidah Aziz resigns as Supermax's chairman

KUALA LUMPUR: Glovemaker Supermax Corporation Bhd has announced the resignation of Tan Sri Rafidah Aziz today. According to a filing to Bursa Malaysia, Supermax said Rafidah’s resignation was due to ‘personal reason’. The filing said Rafidah’s resignation took effect from Saturday. Rafidah, who was the former International Trade and Industry minister, still serves chairman of […]

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