Much to gain from merger


PETALING JAYA: CJ Century Logistics Holdings Bhd’s (CJ Century) proposed merger with sister company CJ Korea Express Malaysia Sdn Bhd (CJKX) will be immediately earnings per share (EPS) accretive.

Managing director Steven Teow Choo Hing said once the merger goes through, the company which is currently loss-making will return to the black immediately.

Subscribe now for a chance to win your dream holiday!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

BMI forecasts positive consumer spending growth in Malaysia
WCT shares jump 8% on Kwasa Land job
Ringgit rebounds to open higher vs US$
Citaglobal shares climb 10% on news of partnership with SUS
FBM KLCI crosses 1,630 hurdle as rally continues
Fed's Powell: Latest data 'add somewhat to confidence' inflation is returning to 2%
Trading ideas: BIMB, PMB, Ekovest, WCT, M&A Equity, PTT, UUE, Citaglobal, Econframe, Advancecon, MGRC, BTM, Elridge, KHPT, TMK
Wall St ends higher as investors firm bets on Trump win, rate cuts
Thai economy faces upheaval due to factory closures
Market fluctuates around 1,300-point threshold

Others Also Read