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KLSE News: 16 April 2015 – Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport…

Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport. With construction slated to begin next year, the RM4.5bn project is part of a package of solutions for an island that has long been choking on its traffic. The LRT project – expected to […]

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KLSE News: 15 April 2015 – Bumi Armada has entered into agreements with ElectroGas Malta for the conversion, supply and operations and maintenance of a floating storage unit…

Bumi Armada has entered into agreements with ElectroGas Malta for the conversion, supply and operations and maintenance of a floating storage unit (FSU) for the project relating to the construction and operation of an LNG receiving terminal located at Delimara, Malta. The effective date of the contracts is 13 Apr 2015 for a firm period […]

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KLSE News: 14 April 2015 – RHB Capital Bhd (RHBCap) is planning a rights issue to raise up to RM2.5bn under a proposed restructuring that will see the RHB Banking Group…

RHB Capital Bhd (RHBCap) is planning a rights issue to raise up to RM2.5bn under a proposed restructuring that will see the RHB Banking Group moving towards a “bank holding company” structure, in line with major banking groups across Asean. “The proposed rights issue will enable the company to raise funds to further strengthen the […]

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KLSE News: 13 April 2015 – UMW Oil & Gas has started arbitration proceedings against Frontier Oil Corp to seek, among other things, an award for damages and/or compensation for all losses arising from Frontier’s alleged breach of contract…

UMW Oil & Gas has started arbitration proceedings against Frontier Oil Corp to seek, among other things, an award for damages and/or compensation for all losses arising from Frontier’s alleged breach of contract, but not limited to an early termination fee amounting to US$19.2m. Frontier was to have arranged a bank guarantee of US$5m and […]

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KLSE News: 10 April 2015 – Sunway is buying hardware and household product traders Winstar Trading Sdn Bhd and PND Hardware & Trading Pte Ltd for RM137.8m…

Sunway is buying hardware and household product traders Winstar Trading Sdn Bhd and PND Hardware & Trading Pte Ltd for RM137.8m. It would acquire Winstar Trading for RM130.9m and PND for S$2.57m (RM6.9m). The two companies were profitable market leaders with over 30 years of experience in the wholesaling of hardware market. “The group anticipates […]

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KLSE News: 9 April 2015 – My EG Services Bhd (MyEG) may see competition in the business of online renewal of foreign workers’ permits…

My EG Services Bhd (MyEG) may see competition in the business of online renewal of foreign workers’ permits. Deputy Home Minister Datuk Dr Wan Junaidi Tuanku Jaafar said on Wednesday the Government was looking for an alternative to MyEG in that area. The move was to prevent the monopoly by MyEG of online renewal of […]

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KLSE News: 8 April 2015 – Maybank will provide multi-currency facility for fund-raising activities outside the country following a growing client base…

Maybank will provide multi-currency facility for fund-raising activities outside the country following a growing client base. Group president/CEO Datuk Abdul Farid Alias said there are specific situations for the lending to be in US dollars. “Historically, we have relied on our limited deposits like interbank and the money-market, and these are not a good way […]

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KLSE News: 7 April 2015 – Hong Leong Bank (HLB) had on 6 Apr 15 entered into a sale and purchase agreement with Hong Leong Assurance (HLA) for the disposal…

Hong Leong Bank (HLB) had on 6 Apr 15 entered into a sale and purchase agreement with Hong Leong Assurance (HLA) for the disposal of a commercial office building known as Menara Raja Laut from HLB to HLA. The proposed disposal is for a cash consideration of RM220m. (BMSB)   The above came as a […]

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KLSE News: 6 April 2015 – Indonesia, the world’s biggest palm oil producer, will impose export levies to fund biodiesel subsidies, replanting, research and development…

Indonesia, the world’s biggest palm oil producer, will impose export levies to fund biodiesel subsidies, replanting, research and development. Shippers will pay a levy of US$50 a metric ton for palm oil and US$30 for processed products starting this month, Sofyan Djalil, coordinating minister for economic affairs, said in Jakarta on Saturday. The government will […]

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KLSE News: 3 April 2015 – Star Publications (M) Bhd said it is acquiring the entire stake in a dormant company…

Star Publications (M) Bhd said it is acquiring the entire stake in a dormant company – which will own US exhibition assets – to diversify its income source. Star said the Singapore-listed unit Cityneon Holdings Ltd, in which it indirectly owns 64.1%, was acquiring Singapore-based Victory Hill Exhibitions Pte Ltd from Philadelphia Investments Pte Ltd […]

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