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1-10 results from 1000 for query «acquisition»

January 15, 2018 3:37 AM HLIB maintains ‘buy’ call on Top Glove

In a note, HLIB increased Top Glove’s target price to RM9.95 from RM8.47. — Malay Mail picKUALA LUMPUR, Jan 15 — Hong Leong Investment Bank (HLIB) has maintained a “buy” call on Top Glove Corporation Bhd on the back of an earnings accretive acquisition. In a note, HLIB increased Top Glove’s target price to RM9.95 from RM8.47. The research firm said Top Glove 11

January 12, 2018 7:37 AM Top Glove acquires Adventa Capital unit for RM1.37b

The Top Glove factory. — Malay Mail picKUALA LUMPUR, Jan 12 — Malaysia's Top Glove Corp Bhd said on today that it has acquired a surgical glove business owned by Adventa Capital Pte Ltd for RM1.37 billion. The acquisition of Aspion Sdn Bhd makes Top Glove one of the world's largest surgical glove manufacturers, on top of being the largest rubber glove 10

January 12, 2018 6:10 AM Tropicana Corp acquires scaffold firm for RM2.5 million

PETALING JAYA: Tropicana Corp Bhd is acquiring the entire stake in Myxon (M) Sdn Bhd for RM2.5 million. Myxon, which was incorporated on May 20, 2013, is involved in the sale and rent of new and used scaffolding and formwork equipment. Tropicana said its director Datuk Tang Vee Mun, being an interested party, has abstained from deliberating and voting 10

January 12, 2018 6:03 AM Top Glove buys Aspion for RM1.37 billion

SHAH ALAM: Top Glove Corp Bhd, which expects to complete its RM1.37 billion acquisition of surgical glove producer Aspion Sdn Bhd in April, is aiming to acquire two more companies in 2018 and four companies next year. Executive chairman Tan Sri Dr Lim Wee Chai stressed that the group needs to grow both organically and through merger and acquisitions 4

January 9, 2018 4:43 AM Samsung unveils driverless car parts, infotainment platform

Tim Baxter, CEO of Samsung Electronics North America, speaks at the Samsung press conference at CES in Las Vegas January 8, 2018. — Reuters picLAS VEGAS, Jan 9 — Samsung Electronics Co Ltd unveiled its first set of components for autonomous driving and infotainment solutions developed with Harman International, which it bought about a year ago in a major 31

January 4, 2018 3:08 AM CIMB expects jumbo IPOs to raise RM10b in first half of 2018

KUALA LUMPUR: Large initial public offerings (IPO) are expected to raise over RM10 billion in the first half of this year, said CIMB Investment Bank Bhd managing director and head of ECM and Syndicate Asia, Derek Lim. Lim said the hives of activity for IPOs in 2018 are in the infrastructure, consumer and financial services sectors. “ACE Market, small 5

January 3, 2018 1:10 PM TDM accepts land granted by Terengganu

PETALING JAYA: Terengganu state-owned plantation company TDM Bhd today accepted the plots of land offered by the state of Terengganu via a grant. In line with TDM’s domestic plantation expansion plan, the company had applied to the state for land in Hutan Simpan Sungai Nipah, Kemaman and Hutan Simpan Rasau, Dungun, measuring 4,515ha. The state approved 9

January 3, 2018 12:57 PM MPay to form newco for PJBC deal

PETALING JAYA: Managepay Systems Bhd (MPay) will incorporate a new company (newco) to undertake the corporate exercise involving NVBA Petaling Jaya BC Sdn Bhd (PJBC) after the shares sale agreement (SSA) for the acquisition of shares in PJBC fell through. In March 2017, MPay had proposed to acquire a 24% stake or 120,000 shares in PJBC for RM155,000 cash. MPay then subscribed 6

January 2, 2018 1:09 PM Paramount to sell land in Selangor for RM92 million

PETALING JAYA: Paramount Corp Bhd is disposing two parcels of leasehold land measuring 9.4 acres in Mukim Pekan Baru Sungai Buloh, Selangor to EM Hub Sdn Bhd for RM92.1 million cash for new land acquisition and working capital use. According to its latest audited accounts, the deal will bring in a gain of RM33.19 million for the group. In a filing with Bursa 8

December 29, 2017 8:09 AM JDE Asia acquires 173,100 Oldtown shares for RM3.10 each

Dutch beverage company Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia) has acquired 173,100 shares of kopitiam chain operator Oldtown Bhd for RM3.10 per share. — Picture courtesy of LUMPUR, Dec 29 — Dutch beverage company Jacobs Douwe Egberts Holdings Asia NL BV (JDE Asia) has acquired 173,100 shares of kopitiam chain operator 12