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1-10 results from 1000 for query «stake»

August 15, 2018 2:50 AM AirAsia share price up marginally after selling stake in Expedia JV

PETALING JAYA: AirAsia Group Bhd's (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the company Expedia Inc’s Expedia Southeast Asia Pte Ltd -- in a bid to monetise 7

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 8

August 13, 2018 2:35 PM Petronas takes 30% stake in Rufisque block, marks entry into Senegal

PETALING JAYA: Petroliam Nasional Bhd (Petronas), through subsidiary PC Senegal Ltd, recently signed a farm-in agreement with Total E&P Senegal SAS, a subsidiary of France's Total, for a 30% participating interest in the Rufisque Offshore Profond block, marking its entry into Senegal. Total will maintain operatorship with 60% equity alongside Société 6

August 8, 2018 11:38 PM Arsenal's 'silent Stan' unfazed by unhappy fans

LONDON: American businessman and entrepreneur Stan Kroenke is unlikely to be upset by the outpouring of heated opposition from Arsenal fans following his takeover of historic Premier League club. The hard-nosed multi-billionaire from Columbia, Missouri, who joined the American invasion of English football over a decade ago, has absorbed a steady volume 10

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 5

August 7, 2018 3:56 AM SKH's share price up 7.14% on news of diversification plan

PETALING JAYA: SKH Consortium Bhd’s share price rose 7.14% this morning after it announced plans to diversify its business to include property development and property investment. At 11.34am, its share price was 7.14% or half sen higher at 7.5 sen with 5.17 million shares traded. As part of its diversification plan, SKH entered into a share sale agreement 5

August 6, 2018 1:31 PM ‘Gamuda should accept Splash offer’

PETALING JAYA: Despite the lower than expected valuation, Gamuda Bhd should consider accepting the latest offer from the Selangor government for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) as it is more reasonable compared with the previous offers, according to analysts. Kenanga Research expected an offer price of RM3.1 billion to RM3.5 billion 5

August 6, 2018 5:33 AM Gamuda, Kumpulan Perangsang Selangor decline on RM2.55b offer for Splash

PETALING JAYA: Shares of Gamuda Bhd fell as much as 5.2% this morning after a RM2.55 billion offer for its 40%-owned Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Splash) by the Selangor state government. At the noon break, Gamuda's share price went down 16 sen or 4.1% to RM3.72 on 7.72 million shares done. Meanwhile, Kumpulan Perangsang Selangor Bhd, which 5

August 6, 2018 3:06 AM T7 Global up 1.12% on O&G services deal

PETALING JAYA: T7 Global Bhd's share price rose 1.12% this morning after it entered into an agreement with DIV Diving Engineering Company Ltd and Cornerstone Offshore Pte Ltd to undertake the business of underwater, subsea engineering and services for oil and gas industry in Malaysia. At 10.57am, T7 was trading at 45 sen with 1.53 million shares changing 6

August 6, 2018 2:05 AM Khazanah’s ‘big and heavy’ trove

ESTABLISHED in 1993, Khazanah began its operation a year later after assuming a custodial role in managing the government's commercial assets as well as investing in strategic and high-technology sectors. Over the years, the fund has been investing in the key areas such as aviation, automotive, healthcare and banking. The year 2004 marked its strategic 4