epa02687595 Exterior view of the headquarters of the Swiss international commodities group Glencore International AG in Baar, Switzerland, Thursday, April 14, 2011. Glencore announced on Thursday that it will step out of the shadows by publicly listing up to 20 per cent of its shares. The long-awaited listing on the London and Hong Kong stock exchanges is expected to fetch up to 11 billion (SFr9.8 billion) for new acquisitions. However, the move was not welcomed by pressure groups that accuse the firm of exploiting developing countries. EPA/URS FLUEELER
Not a done deal yet
A CLASSIC case of buy on rumour and sell on news. This can best describe Halex Holdings Bhd, a Johor Baru-based agrochemicals company that stirred investors interest with a gaming venture in Cambodia.
On Sept 14, the company announced a memorandum of understanding (MoU) with one Datuk Seri Stanley Goh Teik Keng, the major shareholder of VW Win Holdings plc that operates a licensed lottery gaming business in Cambodia. The agreement is to pave the way for Halex’s entry into the gaming business in Cambodia.
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