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News in brief

News in brief onMOX, AKN, Multipurpose, Denko, Boustead, United Plantations, Furqan and IOI.

News in brief

News in brief on Danajarta, UNISEM, Pernas Securities and other firms.

Stockwatch

Izwan Idris writes on CIMB, SP Setia, Genting, Boustead and Kimble.

UAC details use of cash reserves

UAC Bhd will spend part of its RM135mil cash on new business ventures and improving plant efficiency, said managing director Li Heng Tiong

Boustead inching closer to taking Kuala Sidim private

DIVERSIFIED Boustead Holdings Bhd is one step closer towards taking its 56.5%-owned plantation subsidiary, Kuala Sidim Bhd, private following shareholders' approval at its AGM yesterday, Boustead group managing director Datuk Lodin Wok Kamaruddin said.

Affin plans to have a strong retail commercial bank: MD

AFFIN Holdings Bhd, which is ra-tionalising and streamlining its financial services operations, is in the preliminary stage of establishing a strong retail commercial bank and an investment bank.

Views of analysts on consolidation of plantation companies

SOME analysts have reservations over any speedy completion of the mergers among PNB-linked plantation companies.

Versus the CI

Jagdev Singh Sidhe writes on Hock Sin Leong, Sime Darby, Tong Herr, CIMA and Boustead.

Versus the CI

Liew Lai Jing writes on Magnum, YTL Power, Malayan Cement. SCB Development and FN.

Private matters

BOUSTEAD Holdings Bhd has joined the growing list of parent corporations eager to convert their listed subsidiaries into wholly-owned entities.