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Ten groups of foreign and local investors - including Malayan Banking Bhd (Maybank) and the Bumiputra-Commerce Bank consortium - have applied to bid for a majority stake in Indonesia's seventh largest bank, PT Bank Permata Tbk, a sale that could raise at least US$170mil for the cash-strapped government.
SUNWAY Group is planning to re-enter the quarrying business in January 2005 and intends to turn the division into a major contributor to the group's bottom line.
LANDMARKS Bhd and Tan Tan Developments Bhd have proposed a joint venture to develop 53ha in Wangsa Maju which could have a gross development value of between RM600mil and RM700mil over a period of eight to 10 years.