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KUALA LUMPUR: AmInvestment Research is maintaining its Buy recommendation on Sime Darby with an unchanged sum-of-parts based fair value of RM2.64 a share, pegging an FY21F PE of 11 times to its motor segment.
PETALING JAYA: Britain’s largest retailer Tesco Plc has given the green light to sell its business in Thailand and Malaysia to a combination of Thailand’s CP Group entities for an enterprise value (EV) of US$10.6bil (RM44.63bil or equivalent to £8.2bil).
TESCO Plc agreed to sell its Asian businesses to Thai billionaire Dhanin Chearavanont for more than $10 billion, clinching a record deal in Thailand even as the coronavirus outbreak damps enthusiasm for mergers and acquisitions worldwide.
KUALA LUMPUR: Tesco, Britain's biggest retailer, is selling its businesses in Thailand and Malaysia to Thailand's CP Group entities for an enterprise value of US$10.6bil.LONDON: Tesco, Britain's biggest retailer, said on Monday it had agreed to sell its businesses in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6bil.
SINGAPORE (Reuters): British retailer Tesco has asked bidders to submit binding offers for its Asian business by Friday (Feb 28), in a deal that will see Thai billionaires fight for an asset valued at up to US$9 billion, sources with direct knowledge of the matter said.
Tesco said that it was carrying out a strategic review of its Thai and Malaysian businesses after receiving interest. A sale of the Asian operations would allow the supermarket chain to get an infusion of cash to continue a restructuring of its core UK business that has cut thousands of jobs.
HONG KONG: Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than $7 billion, according to people with knowledge of the matter.
HONG KONG (Bloomberg): The Thailand and Malaysian operations of Britain’s largest supermarket chain Tesco Plc are on the shopping lists of Thai tycoons.
BANGKOK (Reuters): Thailand will give Charoen Pokphand Group and its partners 10 more days to sign a contract for a 225 billion baht (US$7.43bil) high-speed railway linking three airports, an official said, amid a row over land transfers and the burden of risk.