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Jagdev Singh Sidhe writes on Hock Sin Leong, Sime Darby, Tong Herr, CIMA and Boustead.
SOME analysts have reservations over any speedy completion of the mergers among PNB-linked plantation companies.
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.
UAC Bhd will spend part of its RM135mil cash on new business ventures and improving plant efficiency, said managing director Li Heng Tiong
Izwan Idris writes on CIMB, SP Setia, Genting, Boustead and Kimble.
News in brief on Danajarta, UNISEM, Pernas Securities and other firms.
News in brief onMOX, AKN, Multipurpose, Denko, Boustead, United Plantations, Furqan and IOI.
BOUSTEAD Holdings Bhd has reported a 10.7% increase in pre-tax profit to RM44mil in the 1st quarter ended March 31, 2003, from RM39.9mil in the corresponding period last year.
THIS year is fast shaping up to be one of big mergers and acquisitions (Mamp;As) for the corporate sector, judging by the number of takeover announcements so far.