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WASHINGTON (Reuters) - Just days before it declared bankruptcy on October 31, MF Global concluded it could remain solvent even if a major ratings downgrade limited its access to funding, according to an internal break-the-glass plan obtained by Reuters on Tuesday.
KUALA LUMPUR: Highway concessionaire SILK Holdings Bhd expects to uplift its status as a financially-troubled PN17 company in two months while its proposed acquisition of AQL Aman Sdn Bhd, which is involved in the oil and gas services business, is expected to be completed by the fourth quarter, according to executive chairman Datuk Muhammad Azlan Hashim.
The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) breached the 1120-point level in active trading but mild profit-taking saw the index closed at 1,108.88 points for an impressive 11.64 point or 1.06% gain.
The equity market broke the five-day rally as investors took opportunity to take profit. Maybank rights issue shares were down on its first day of trading.