Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «acquisition»

August 27, 2018 1:17 PM Top Glove’s founder seeks removal of Adventa Capital rep from board

PETALING JAYA: The feud between Top Glove Corp Bhd and Singapore’s Adventa Capital Pte Ltd has intensified with a bid to remove Low Chin Guan, a representative of Adventa Capital, from its board. Top Glove said in a filing with the stock exchange that it had received a special notice from its founder and executive chairman Tan Sri Lim Wee Chai, who holds 5

August 23, 2018 12:46 PM Sime Darby Plantation acquires coconut oil exporter

KUALA LUMPUR: Sime Darby Plantation Bhd’s (SDP) wholly owned subsidiary New Britain Palm Oil Ltd (NBPOL) has completed the US$52.6 million (RM215.6 million) acquisition of Markham Farming Co Ltd (MFCL) from Markham Agro Pte Ltd (MAPL). In a filing with Bursa Malaysia, SDP said NBPOL has assumed the net debt of MFCL and MAPL of US$11 million. MFCL is now indirectly 11

August 22, 2018 2:16 PM IHH Healthcare likely to exit maiden investment in India: Report

PETALING JAYA: The Economic Times of India reported late on Tuesday that Malaysia's IHH Healthcare Bhd, which recently succeeded in its bid for the much coveted Fortis Healthcare Ltd for 40 billion rupees (RM2.35 billion), is likely to exit its maiden investment in India, Kolkata's Apollo Gleneagles Hospitals. According to the report which cited people 14

August 14, 2018 3:39 PM AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc's Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. The group announced in a bourse filing yesterday 18

August 14, 2018 3:39 PM YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

PETALING JAYA: YTL Hospitality REIT (YTL REIT) is acquiring The Green Leaf Niseko Village for ¥6 billion cash (RM222.5 million) from Niseko Village KK (Niseko Village), an indirect wholly owned subsidiary of YTL Corp Bhd. In a filing with Bursa Malaysia today, YTL REIT said its wholly owned subsidiary Starhill REIT Niseko GK (Starhill Niseko) has entered 13

August 9, 2018 5:16 AM Penang CM asks Najib not to mislead public over PIL 1 Highway, ECRL

GEORGE TOWN: Penang Chief Minister Chow Kon Yeow has asked former prime minister Datuk Seri Najib Abdul Razak not to mislead the public by distorting what he described as two distinctly different infrastructure projects – the Pan Island Link 1 (PIL 1) Highway and the East Coast Rail Link (ECRL). He said there were major differences between a highway 7

August 7, 2018 4:02 AM Advance Synergy's shares rise 3.12% on news of its Helenium stake sale

PETALING JAYA: Advance Synergy Bhd’s share price rose 3.12% this morning on news of the proposed disposal of its 40% stake in Helenium Holdings Ltd. At 11.35am, its share price was 3.12% or half sen higher at 16.5 sen with 12.54 million shares traded. The 40% stake, which is held by its indirect unit Synergy Realty Inc, will be sold to EEH Ventures Ltd for RM46.64 million 11

August 1, 2018 6:00 AM M&A space to remain robust this year, says Bain & Company

KUALA LUMPUR: Malaysia's merger and acquisition (M&A) space is expected to remain robust this year, especially when more firms are looking for M&As than through the initial public offering (IPO) market, according to management consulting firm Bain & Company's financial investors and M&A practice leader Suvir Varma. "The IPO market has not been as robust 16

July 31, 2018 12:57 PM Asdion reports 107% deviation in FY18 net loss

PETALING JAYA: Asdion Bhd has reported a deviation of 107.55% between its audited and unaudited net loss for the financial year ended March 31 (FY18) due to additional impairment charges and charges related to its purchase of a 50% interest in Maxillion Link Enterprises Ltd. In a filing with Bursa Malaysia today, the group said that it made a loss after 13

July 14, 2018 6:22 AM Prasarana to abide by MoF instructions on LRT3

KUALA LUMPUR: Prasarana Malaysia Bhd (Prasarana) will abide by the Ministry of Finance (MoF) instructions on the cost reduction for the light rail transit line 3 (LRT3) project. In a statement today, the state-owned transportation company said it was currently awaiting instructions from the MoF for the rigorous and comprehensive cost rationalisation 15