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L&G to consider nominations to board
Land General Bhd (LG) will deliberate on nominations of directors at a board meeting slated within the week, executive director Rita Benoy Bushon said yesterday.
Quek takes positions
Hong Leong group makes strategicinvestments in growth companies in abullish market.
IJM hopes 9MP will revive construction sector
IJM Corporation Bhd managing director Datuk Krishnan Tan Boon Seng hopes that the Ninth Malaysia Plan would jumpstart the country's lacklustre construction sector.
Public Bank hive of activity
Public Bank Bhd shares closed unchanged at RM6.75 amidst active trading yesterday, possibly due to international wire reports of the bank winning a bid to purchase the Hong Kong banking arm of Asia Financial Holdings Ltd for HK$4.5bil (RM2.15bil) cash.
Firms sell properties to boost cashflow
Between the Lines, a culumn by C.S. Tan. This week he says that an announcement to Bursa Malaysia by an obscure company last Tuesday points to a current trend among the corporates.
TM H1 net profit down 45%
Malaysia's biggest telephone company, Telekom Malaysia Bhd (TM), reported a 45% drop in net profit for the first half ended June 30, 2005 to RM800mil from RM1.45bil a year ago due to intense competition and the lack of a one-off gain that it enjoyed a year earlier.
Ex-Faber hotels fetch RM136m
FORTY-FIVE days after being put up for sale by tender, four of the eight properties previously owned by Faber Group Bhd were snapped up for RM136mil, 11% more than the aggregate indicative prices.
Good response to Faber Group’s asset disposal
THE tender documents for the purchase of seven Sheraton and Merlin hotels and the Penang Plaza commercial complex previously owned and managed by Faber Group Bhd are being snapped up ahead of the closing date of Jan 10.
TNB awards RM1.3bil contract
The re-development of the Tuanku Jaafar Power Station in Port Dickson into a 750-megawatt combined cycle dual fuel (gas/distillates) power plant will cost Tenaga Nasional Bhd (TNB) about RM1.7bil.
