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PETALING JAYA: Shangri-La Hotels (M) Bhd rose 2.38% to a four-month high, as market speculation had it that it could be ripe for privatisation by Kuok Brothers Sdn Bhd, a family investment vehicle of Robert Kuok.
Shangri-La, Alam Maritim and TRC Synergy would be among the stocks to watch on Tuesday following recent corporate developments, says JF Apex Research.
Robert Kuok, Malaysia's richest man according to Forbes, has increased his equity stake in locally listed Shangri-La Hotels (Malaysia) Bhd, according to stock exchange filings late on Monday.
PETALING JAYA: The impending mega initial public offering (IPO) of Iskandar Waterfront Holdings Sdn Bhd (IWH) is hoping to lock in some global names in the property and investment world as cornerstone investors, people familiar with the process told StarBiz.
ANYTHING that involves the media-shy T. Ananda Krishnan, the country’s second-richest person after Tan Sri Robert Kuok, will always be of interest, not just to investors and the media who avidly follow his every corporate move but also to the public at large, who know precious little of the tycoon.
KUALA LUMPUR: Speculation is rife that Ananda Krishnan would soon put his cinema business parked under TGV Cinemas Sdn Bhd up for sale following the disposal of his power assets. TGV is the second largest cinema player in the country after Golden Screen Cinemas Sdn Bhd, which is owned by tycoon Robert Kuok’s PPB Group Bhd.