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Debt raising vital for Khazanah stable of enterprises

Power funding: TN B has the most amount of debt at RM21.6bil given the expensive nature and demands for funding power stations. — Reuters (22-0)

UEM appoints new directors

KUALA LUMPUR: UEM Group Bhd has appointed Amir Hamzah Azizan as a non-executive director of the company while UEM Edgenta Bhd has appointed Datuk George Stewart Labrooy as its independent non-executive director. (2-0)

Canada's WSP crosses 90% threshold to mop up remaining Opus shares

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)

Trading ideas: MPI, Eco World International, UEM Edgenta

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)

Trading ideas: HLFG, Sasbadi, UEM Edgenta, ECS ICT, Kronologi

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)

UEM Edgenta mulls dividend payout

Media briefing: Azmir and chairman Amir Hamzah (right) at the press conference after the company’s meeting. — Bernama (3-1)

WSP Announces that UEM Edgenta, Opus' Main Shareholder, Has Voted in Favour of the Acquisition

2017-11-02 marketwired
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)

UEM Edgenta mulling special dividend


‘Maju Holding proposal a boon for highway users’

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)

Breakfast briefing: Monday, September 25

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)

UEM Edgenta eyes long-term highway job

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)

UEM Edgenta shares rise on higher takeover offer

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.