Izwan Idris

Recent and archived articles by Izwan Idris

2 May 2019 | 2:36 PM

YTL Corp makes mandatory offer for Lafarge Malaysia at RM3.75

KUALA LUMPUR: YTL Corp is making a mandatory offer (MO) for the remaining shares in Lafarge Malaysia Bhd following its acquisition of a 51% stake in the cement maker from its parent company.

2 May 2019 | 1:57 PM

YTL Corp buys LafargeHolcim 51% stake in Lafarge Malaysia for US$396mil

KUALA LUMPUR: YTL Corp Bhd said subsidiary YTL Cement Bhd has agreed to acquire LafargeHolcim's entire 51% stake in Lafarge Malaysia Bhd for US$396mil, as well as the Switzerland-based company's cement business in Singapore.

27 Apr 2019 | 7:00 AM

Hungry investors flock to Leong Hup IPO

Institutional investors, hungry for a large initial public offering (IPO) after a drought in 2018, are flocking to Leong Hup International Bhd, as the company launched one of the most exciting new listings on Bursa Malaysia in recent years.

26 Apr 2019 | 7:00 AM

Leong Hup allocates RM207.7mil for capex

PETALING JAYA: Leong Hup International Bhd, which derives 70% of its revenue from overseas, will build its first feedmill and new chicken farms in the Philippines starting from the third quarter of this year as the company accelerates expansion in its newest market.

Leong Hup executive director and Group CEO Tan Sri Francis Lau Tuang Nguang (6th form right) and executive chairman Lau Chia Nguang (7th from right) with the company's directors, senior management and bankers at Leong Hup's prospectus launching ceremony on Apr 25, 2019
25 Apr 2019 | 7:00 AM

Leong Hup kicks off return to Bursa

KUALA LUMPUR: Tan Sri Francis Lau Tuang Nguang, dubbed the “chicken king” of Malaysia, is making his return to the local bourse with the biggest initial public offering (IPO) in almost two years that will test investors’ appetite for chicken producers.

Lau(filepic), who is the executive director and group chief executive officer of Leong Hup, told StarBiz that a significant portion of the proceeds to be raised from the IPO would be used to fund its regional expansion.  “We are looking at countries with strong population growth,” he said
10 Apr 2019 | 7:31 PM

MAHB reports steady passenger traffic growth in March despite Boeing 737 MAX grounding

KUALA LUMPUR: The airport operator said three international carriers which operate the Boeing 737 MAX to the KL International Airport (KLIA) had switched to other aircraft types after the Ethiopian Air incident on March 10.

A plane prepares to land at KLIA
5 Mar 2019 | 6:21 PM

Aabar puts another block of shares in RHB Bank for sale

KUALA LUMPUR: Aabar Investments PJS has put up another substantial block of shares in RHB Bank Bhd for sale, as the Abu Dhabi investor continues to pare down its stake in the country's fifth-largest banking group by market value.

11 Feb 2019 | 7:00 AM

Malaysian market sees robust inflow

Rising ringgit attracts investors to equity and bond markets

The ringgit is enjoying a strong start in 2019, rising against most major currencies.
12 Dec 2018 | 7:25 PM

Prestariang seeks compensation over SKIN termination

KUALA LUMPUR: Prestariang Bhd says it is entitled to compensation following the government’s decision to terminate a RM3.5bil project with the Immigration Department.

28 Nov 2018 | 7:00 AM

Petronas lifts Q4 capex spending

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will raise capital expenditure (capex) spending in the last quarter of the year to lift production and increase capacity.

Wan Zulkiflee: The recent drop in oil prices demonstrates the volatile and cyclical nature of the industry.