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IN a rare instance of a corporate takeover, the independent directors of a listed company have expressed different assessments of the deal as compared to what the independent advisers have said.
KUALA LUMPUR: Paul Wong Chee Kin has been appointed as president & CEO of CIMB Thai, effective Feb 1, CIMB Group said on Friday.
KUALA LUMPUR: Semiconductor and tech related stocks and glove makers rebounded on Friday as market sentiment improved slightly but the FBM KLCI failed to close above the key 1,600 level.
KUALA LUMPUR: PLS Plantations Bhd, which is shifting its core business into durian plantations, has proposed to place out up to 19 million new shares to former CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak at 95 sen a share.
KUALA LUMPUR: Bursa Malaysia was lifted by bargain-hunting activities in the morning session as investors moved into oversold counters following six straight days of losses.
KUALA LUMPUR: Airasia Group Bhd, Green Packet Bhd, Dagang Nexchange Bhd (DNeX), Pantech Group Holdings Bhd, CIMB Group Holdings Bhd and Bintai Kinden Corp Bhd are among the stocks to watch on Friday, according to JF Apex Research.
SINGAPORE: TNG Digital Sdn Bhd, an e-wallet operator owned by CIMB Group and China’s Ant Group, is in advanced talks with investors to raise at least US$150mil (RM604.5mil) to fund expansion plans, four sources familiar with the matter said.