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IS it a matter of wanting to build up its cash coffers or shape itself into a more focused entity? Perhaps the motivation for Sime Darby Bhd to dispose of Subang Jaya Medical Centre (SJMC) lies in both.
A NEW business has been found for cash-rich Hume Cemboard Bhd (HCB) from within the Hong Leong Group with the acquisition of furniture maker Hume Furniture Industries Sdn Bhd (HFI) for RM57.7mil.
Online investment advisor Surf88.com writes on Hume Cemboard and its prospects
ON Wednesday, the Malaysian Palm Oil Board released palm oil statistics for February. Production declined by 11.3 per cent month-on-month (m-o-m) and 1 per cent year-on-year (y-o-y). Exports were down 20 per cent m-o-m but up 2.4 per cent y-o-y. Stocks inched down by 1 per cent m-o-m.
The operator of the local bourse, Hong Kong Exchanges and Clearing Ltd (HKEx), has reported a sharper-than-expected 20% drop in earnings for 2002 as slumping equities took their toll on trading and investment income, and warned that the outlook remained weak.