Recent and archived articles by Afiq Isa
THE aborted deal between UMW Oil & Gas Corp Bhd’s (UMW-OG) and Ekuiti Nasional Bhd (Ekuinas) over the acquisitions of Icon Offshore Bhd and Orkim Sdn Bhd has put the group back in square one – it has to battle the weak prospects in its upstream drilling business for the next few years to come.
PETALING JAYA: UMW Oil & Gas Corp Bhd (UMW-OG) has called off a plan to acquire oil and gas (O&G) assets from Ekuiti Nasional Bhd (Ekuinas), citing capital constraints and uncertainties in the industry
KUALA LUMPUR: The Federal Land Development Authority (Felda) is looking to raise its stake in Iris Corp Bhd, chairman Tan Sri Shahrir Abdul Samad said. “We will decide (later) whether we want to buy more shares in the market,” he said
Wilmar’s Sitorus may emerge as a substantial shareholder in FGV
PETALING JAYA: The board of UMW Oil & Gas Corp Bhd (UMW-OG) is expected to decide today the proposed acquisition of Icon Offshore Bhd and Orkim Sdn Bhd amid differing opinions on the valuations of the two assets.
KUALA LUMPUR: KPJ Healthcare Bhd’s company issued warrants hit its limit up price of RM1.11 and tracked the gains from its mother share as the group is expected to benefit from a recovery in consumer sentiment this year.
PETALING JAYA: UMW Oil & Gas Corp Bhd’s (UMW-OG) proposed takeover of Icon Offshore Bhd and Orkim Sdn Bhd is on hold.
AFTER a stellar 2016 in the face of a weak broader market, shares of real estate investment trusts (REITs) may turn sluggish this year due to a lack of concrete growth catalysts and growing fundamental headwinds, say analysts.
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) is targeting to secure some RM4bil in new contracts this year, even as some of the jobs that it had eyed earlier were deferred due to the low price of crude oil.
PETALING JAYA: SP Setia Bhd, which is turning into Permodalan Nasional Bhd’s (PNB) regional property powerhouse, has won a highly-competitive bid to develop a prime piece of land in Singapore.