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Sime’s plan to reduce RM19.7bil debt; may monetise assets, place out shares

KUALA LUMPUR: Sime Darby Bhd, which has businesses ranging from plantations to automobile distributorships, may monetise its assets or place out shares to targeted groups in efforts to pare down debt of RM19.7bil, which has risen as a result of the acquisition of Port Moresby-based New Britain Palm Oil Ltd (NBPOL).

Wider reach: Ooi says OCK’s strategy to strengthen recurring income and expand regionally has been effective.

Malaysia's OCK spreading wings in Myanmar

PETALING JAYA: Telecommunications network services provider OCK Group Bhd is in the final stages of getting a contract from Telenor’s Myanmar unit to build and lease over 900 towers in the country. Sources told StarBiz that the contract would last for 12 years and all the towers under this phase were expected to be completed next year.

Avoid repeating mistakes of KLIA2

EARLY this week, there were reports saying a new terminal building is expected to be built at the KL International Airport (KLIA) to boost its capacity to over 100 million passengers a year.

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FGV sinks deeper into net loss

KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s (FGV) net loss attributable to equity holders widened by 263.5% year-on-year (y-o-y) to RM33.92mil for the third quarter (Q3) ended Sept 30 despite achieving 13.8% higher revenue of RM4.51bil.

26 November 2015 | 8:50PM |

Corporate News

FDIs in Malaysia rise to RM500.2bil

KUALA LUMPUR: Foreign direct investments (FDIs) in Malaysia improved to RM500.2bil in the third quarter of 2015 from RM477.4bil registered in the second quarter of this year.

27 November 2015 | 2:20PM |

Corporate News

Bursa highlights for Friday, Nov 27

Companies that made notable announcements to Bursa Malaysia on Nov 27 include Affin Holdings, Alliance Financial Group, AmBank Group, Axiata Group, Malaysia Airports, Malaysia Pacific Corp, Tenaga Nasional and The Media Shoppe.

27 November 2015 | 11:31PM |

Corporate News

Completion of MPCorp’s special audit delayed again

KUALA LUMPUR: Malaysia Pacific Corp Bhd (MPCorp) said it requires two more weeks to complete the special audit on issues raised by its minority shareholders and Bursa Malaysia Securities Bhd and on its former auditors’ disclaimer opinion on its statements for the 2014 financial year.

27 November 2015 | 7:24PM |

Corporate News

KLCI closes marginally down

KUALA LUMPUR: The FBM KLCI was unable to maintain its gains and closed Friday in the red on weaker Chinese data, with decliners overtaking gainers by two to one.

27 November 2015 | 5:56PM |


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