Company Overview and News
WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 per cent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs regulatory approval to close the deal. (5-0)
KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI), Eco World Internatioal Bhd and UEM Edgenta Bhd are among the stocks to watch on Thursday, according to JF Apex Research. (3-0)
KUALA LUMPUR: Hong Leong Financial Group Bhd (HLFG), Sasbadi Holdings Bhd , UEM Edgenta, ECS ICT and Kronologi Asia Bhd are among the stocks to watch on Friday, according to JF Apex Research. (2-1)
Media briefing: Azmir and chairman Amir Hamzah (right) at the press conference after the company’s meeting. — Bernama (3-1)
MONTREAL, QUEBEC--(Marketwired - Nov. 2, 2017) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that at the Extraordinary General Meeting of UEM Edgenta Berhad (KLSE:EDGENTA) ("UEM Edgenta") held on November 2, a majority of its shareholders have approved the sale of UEM Edgenta's 61.2% stake in Opus International Consultants Limited (NZSE:OIC) ("OIC") to WSP. (5-1)
PETALING JAYA: The Pan-Malaysia Lorry Owners’ Association says it welcomes highway concessionaire Maju Holding’s proposal not to raise toll rates on the PLUS highway for 20 years if it succeeds in its takeover plan. (2-1)
MarketWatch: A long stretch of low volatility for US stocks has made betting on continued calm a popular and lucrative trade, but traders and strategists warn that risks to the trade have mounted, while the potential for profits has shrunk. US equity market volatility - the daily fluctuations in stock prices - has hovered near record lows for much of this year. - Reuters (15-0)
The current maintenance cost of the highways under PLUS has come under the spotlight following a recent proposal by the Maju group to take over PLUS from its current owners, which are the UEM Group and the Employees Provident Fund. (2-0)
KUALA LUMPUR: UEM Edgenta Bhd ’s shares on Bursa Malaysia rose in early trade following a higher proceeds from the sale of its 61.2% stake in New Zealand-listed Opus International Consultants Ltd.
UEM Edgenta’s managing director and chief executive officer Datuk Azmir Merican(filepic) said in the statement the proceeds from the exercise would be used mainly to pare down its debts.
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