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KLSE News: 22 May 2015 – MY E.G. Capital Bhd (MyEG) is buying a 55% stake in software solutions and credit card terminal rental company Cardbiz Holding Sdn Bhd for RM6.2m…

MY E.G. Capital Bhd (MyEG) is buying a 55% stake in software solutions and credit card terminal rental company Cardbiz Holding Sdn Bhd for RM6.2m. It told Bursa Malaysia that its unit, MY E.G Capital Sdn Bhd, had signed conditional agreements on Thursday to acquire and subscribe for 61.6m 10 sen shares in Cardbiz, which […]

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KLSE News: 21 May 2015 – Axiata Group Bhd, the parent company of Celcom Axiata Bhd, expects to increase its 4G LTE coverage for 35% of Malaysian population…

Axiata Group Bhd, the parent company of Celcom Axiata Bhd, expects to increase its 4G LTE coverage for 35% of Malaysian population from 20% currently. President and Group Chief Executive officer Datuk Seri Jamaludin Ibrahim said the increase would be driven by its major capital expenditure of RM4.8bn for 2015. “We have spent RM1bn across […]

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KLSE News: 20 May 2015 – AirAsia Bhd has come out to deny a report which said that it is in talks to sell a minority stake in its loyalty programme joint venture to private equity firms…

AirAsia Bhd has come out to deny a report which said that it is in talks to sell a minority stake in its loyalty programme joint venture to private equity firms. The deal would have valued the loyalty programme at US$330m (RM1.2bn), Reuters had reported. AirAsia CEO Aireen Omar said in a statement. “Our AirAsia […]

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KLSE News: 19 May 2015 – Malayan Banking Bhd (Maybank) is selling its operations in Papua New Guinea for RM418m…

Malayan Banking Bhd (Maybank) is selling its operations in Papua New Guinea for RM418m, as it focuses its efforts and resources to expand in markets in Asean and greater China. “This decision to dispose of our operations in PNG is a result of strategic reviews carried out regularly at the group to reprioritise our capital […]

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KLSE News: 18 May 2015 – Eco World Development Group Bhd (EcoWorld Bhd) is making a foray into Singapore with the opening of its first international EcoWorld Gallery@Singapore…

Eco World Development Group Bhd (EcoWorld Bhd) is making a foray into Singapore with the opening of its first international EcoWorld Gallery@Singapore. Located on St Martin’s drive, the EcoWorld Gallery@Singapore will showcase EcoWorld projects in Malaysia and overseas. Currently, the group has 15 projects located in three key economic regions in Malaysia namely the Klang […]

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KLSE News: 14 May 2015 – Perdana Petroleum announced that the trading of its shares will be suspended today…

Perdana Petroleum announced that the trading of its shares will be suspended today. Yesterday, the company received a letter from its shareholder Dayang Enterprise that intends to enter “into a material corporate transaction involving Perdana”. The trading of Dayang’s shares will be suspended today as well. (BMSB) As highlighted in our 26 Mar note, we […]

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KLSE News: 13 May 2015 – The El Nino effect, which can drive droughts and flooding, is under way in the tropical Pacific, say scientists…

The El Nino effect, which can drive droughts and flooding, is under way in the tropical Pacific, say scientists. Australia’s Bureau of Meteorology predicted that it could become a “substantial” event later in the year. The phenomenon arises from variations in ocean temperatures. The El Nino is still in its early stages, but has the […]

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KLSE News: 12 May 2015 – SapuraKencana has secured six contracts that call for the installation of various offshore structures in Mexico, Indonesia, Vietnam and India…

SapuraKencana has secured six contracts that call for the installation of various offshore structures in Mexico, Indonesia, Vietnam and India. The contracts are worth a combined US$269m (RM969m). Genting Malaysia Bhd, via indirect unit Resorts World Ltd, has proposed to sell its entire 17.81% stake in Genting Hong Kong Ltd for at least RM1.69bn cash […]

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KLSE News: 11 May 2015 – My EG Services Bhd (MyEG) is acquiring 22 storeys of stratified parcels in the 45-storey Iconic Office …

My EG Services Bhd (MyEG) is acquiring 22 storeys of stratified parcels in the 45-storey Iconic Office (Block N) at Empire City @ Damansara, for RM155.3m. (StarBiz) Petronas Dagangan says its FMDrive competition, which aims to inculcate safe driving among its service delivery partners, shows it commitment to Health, Safety and Environment. As driving oil […]

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KLSE News: 8 May 2015 – Mobile communication services provider DiGi.Com is supportive of the Ministry of Communications and Multimedia’s suggestion that consumers should receive RM10…

Mobile communication services provider DiGi.Com is supportive of the Ministry of Communications and Multimedia’s suggestion that consumers should receive RM10 worth of prepaid airtime when they purchase a similar reload value. “The minister made the announcement a few days ago and we are fully supportive of the plan. We are working with the ministry to […]

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