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Izwan Idris writes on CIMB, SP Setia, Genting, Boustead and Kimble.
UAC Bhd will spend part of its RM135mil cash on new business ventures and improving plant efficiency, said managing director Li Heng Tiong
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 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.
SOME analysts have reservations over any speedy completion of the mergers among PNB-linked plantation companies.
Jagdev Singh Sidhe writes on Hock Sin Leong, Sime Darby, Tong Herr, CIMA and Boustead.
Liew Lai Jing writes on Magnum, YTL Power, Malayan Cement. SCB Development and FN.
BOUSTEAD Holdings Bhd has joined the growing list of parent corporations eager to convert their listed subsidiaries into wholly-owned entities.
BOUSTEAD Holdings Bhd has made a proposed voluntary offer to acquire the remaining 54.2 million shares or 43.5% of the issued and paid-up share capital in Kuala Sidim Bhd it does not already own for RM325mil or RM6 per share.
BOUSTEAD Holdings Bhd has swung back to profitability with a pre-tax profit of RM155mil on turnover of RM983mil for the financial year ended Dec 31, 2002. It had posted a RM15mil pre-tax loss and RM1.024bil turnover in 2001.