Changes to listing rules proposed
KUALA LUMPUR: Proposed amendments to Bursa Malaysias listing requirements and the introduction of the Corporate Disclosure Guide (CD Guide) are set to prod listed companies into revealing more details about key developments, including changes of directors, chief executive officers (CEOs), chief financial officers (CFOs), external auditors and independent advisers.
Bakke, Sabri take over helms of plantation giants
KUALA LUMPUR: The change of guard in the countrys two prominent plantation giants Sime Darby Bhd and Felda took place simultaneously Thursday.
EON Cap to hold EGM on Aug 20
PETALING JAYA: EON Capital Bhd (EON Cap) will hold an EGM on Aug 20 to table Hong Leong Bank Bhds (HLB) RM5.06bil offer to acquire the banks entire assets and liabilities to its shareholders.
Time Eng sells 40m Time dotCom shares
PETALING JAYA: Time Engineering Bhd had sold 40.3 million shares in unit Time dotCom Bhd (TdC) in the open market for RM20.8mil cash, the company told Bursa Malaysia Thursday.
Regional markets down on US, China worries Official data shows
PETALING JAYA: Stock markets in the region were drowned in a sea of red yesterday as investors took profits from the recent rally on worries about US economic recovery while official data showed that growth in China would cool down in the coming months.
RHC asks Parkway shareholders to look at its record
KUALA LUMPUR: Fortis Healthcare Ltd-owned RHC Healthcare Pte Ltd has appealed to shareholders of Parkway Holdings Ltd to consider its track record in acquiring and integrating acquisitions when weighing the merits of its offer for the Singapore healthcare company.
Mier ups growth forecast to 6.5%
KUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) has revised upwards its 2010 gross domestic product (GDP) growth forecast to 6.5% from 5.2% previously, given a stronger-than-expected first quarter GDP growth along with the strengthening domestic demand and stabilising conditions.
Lafarge to sell stake in LMCB
PETALING JAYA: Lafarge Malaysia Cement Bhds (LMCB) parent firm, Lafarge SA UK Plc, is selling off 11.2% of its stake in LMCB.
Summons for Kenmark
PETALING JAYA: Kenmark Industrial Co (M) Bhd told Bursa Malaysia it had been served with a summons and a statement of claims by Singa Trading (M) Sdn Bhd for the amount of RM21,491.80 together with interest and cost for the supply of products to the company.
KWAP eyes RM70b fund size by year-end
KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) targets to grow its fund size to over RM70bil by year-end from the current RM66bil helped by higher contributions from government and statutory bodies, its chief executive officer Datuk Azian Mohd Noh said.
Honam tipped as Titans new major shareholder
PETALING JAYA: Titan Chemicals Corp Bhd has requested for trading of its securities on Bursa Malaysia to be suspended from today pending an announcement of a corporate proposal involving the companys major shareholders.
Columbia Asia set to open 3 more hospitals
NUSAJAYA: Columbia Asia, an international healthcare provider based in Malaysia, will open three more community hospitals in the country by the year-end and early 2011.
Accounting firm DFK targets green market
KUALA LUMPUR: DFK International, a consortium of independent accounting firms and business advisers, views the green market as its major growth driver.
Candidates for PPB board withdrawn
PETALING JAYA: Three shareholders of Petra Perdana Bhd (PPB), who are linked to the ousted directors of the company at an EGM on Feb 4, had withdrawn their candidates to be nominated to the board ahead of the groups shareholders meeting on July 20.
Oops … hes at it again
SOMEONE made a remark recently that he is at it again.
Proton plans new loan rates
SUBANG JAYA: Proton Holdings Bhd hopes to conclude by next week talks with various financial institutions on a new interest rate package for its customers, said group managing director Datuk Syed Zainal Abidin Mohd Tahir.
Moratorium may affect Msian palm oil firms
PETALING JAYA: The Indonesian Oil Producers Association (Gapki) expects Malaysian companies to be affected by the Indonesian governments two-year moratorium on concessions plan to clear natural forests and peatland to reduce carbon emissions.
CIMB Bank callable bull certs listing Friday
KUALA LUMPUR: CIMB Bank will be listing the first callable bull certificates on Bursa Malaysia today, making it the first issuer in the country to have such instruments traded on the local bourse.
Nikko Electronics to be de-listed
PETALING JAYA: The securities of Nikko Electronics Bhd, an amended PN17 company, will be de-listed and removed from the official list of Bursa Malaysia on July 27.
CPPIB offers US$3.4b for Australias Intoll
SYDNEY: Canadas second-biggest pension manager has made a C$3.5bil (US$3.4bil) takeover approach for Australian toll-road operator Intoll Group, sending shares in the target soaring more than 30%.
China Q2 growth slows to 10.3%
BEIJING: Chinas economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis.
AgBank makes lacklustre debut
SHANGHAI: Agricultural Bank of Chinas (AgBank) US$22bil IPO made a lacklustre debut in Shanghai, underscoring the challenges ahead for Chinas markets as other big banks look to tap investors for billions of dollars in funds.
European car sales down again in June
FRANKFURT: The European car market fell in June for the third straight month as the artificial boost from scrapping schemes across the continent continued to abate, hurting sales for Fiat and Toyota.
|