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MarketWatch: Even though a steady stream of money has flowed out of US stocks into overseas markets, investors expect European and emerging market equities to rise further, supported by expectations for economic growth and accommodative central bank policies. - Reuters
Gaining control: The move is seen as another milestone and part of Gabungan’s transformation plan by Azizan.
Death care is a potentially lucrative business serving a basic human need. Demographic tailwinds in China are driving massive growth in the fragmented industry.
Government-sponsored infrastructure projects are a boon to domestic construction companies and one such such beneficiary is WZ Satu Bhd, a smallish company with a market capitalisation of about RM404.7mil.
Tags / Keywords: Corporate News , Leadership , Nirvana Asia Ltd , Tan Sri David Kong , Forbes
KUALA LUMPUR (Feb 10): Based on corporate announcements and news flow today, companies that may be in focus on Monday (Feb 13) could include the following: AirAsia X, Westports, Kia Lim, Paramount, MAHB, MWE, OldTown, Excel Force MSC, MISC, 7-Eleven, WZ Satu, TSH Resources and IRIS
PETALING JAYA: The Tang family, who has launched a bid to take The Store Corp Bhd private, has raised the takeover offer price to RM3.70 from RM3.52 previously.
Major transaction: An aerial view of Port of Tanjung Pelepas, which is operated by MMC Corp, in Gelang Patah, Johor. In October last year, MMC Corp offered to buy out Permodalan Nasional Bhd’s 53.42 stake in NCB Holdings Bhd for RM4.40 per share.
KUALA LUMPUR (Dec 23): TYS Consolidated Sdn Bhd has upped its takeover offer for The Store Corp Bhd to RM3.70 per share from RM3.52, valuing the company at RM253.46 million.
KUALA LUMPUR (Nov 4): Based on corporate announcements and news flow today, stocks in focus on Monday (Nov 7) may include: Boustead Holdings Bhd, The Store Corp Bhd, SLP Resources Bhd, Reach Energy Bhd, Malaysia Smelting Corp Bhd (MSC), BHS Industries Bhd and Tenaga Nasional Bhd (TNB).
HONG KONG (Sept 28): A group comprising Kuwait Investment Authority and private equity firm CVC Capital Partners is among final bidders for Sithe Global Power LLC’s stake in a Philippine power plant that could fetch at least US$500 million, people with knowledge of the matter said.
KUALA LUMUPR: Initial public offerings tumbled in the wake of the global financial crisis to 14 in 2009 – the lowest since the super bull-run days of the 1990s. That same year, foreign IPOs were introduced to the local bourse, with the first being XingQuan International Sports Holdings Ltd.
July 8 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:
Private-equity firm CVC Capital Partners made a buyout offer for Nirvana Asia Ltd., Asia’s largest funeral-services provider by revenue, in a deal worth more than $900 million, according to a person familiar with the situation.