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IT is interesting to observe the outcomes when a listed company embarks on a spin-off and list its subsidiary. Typically, a subsidiary is listed to unlock greater valu
KUALA LUMPUR: Bursa Malaysia was generally in the red on Friday as investors were given a jolt that a state of emergency was expected to be announced later in the day.
KUALA LUMPUR: Petronas Gas said on Friday its subsidiary Pengerang LNG (Two) Sdn Bhd had concluded a 1.7 billion ringgit ($410.23 million issue of a 20-year multi-tranche Sukuk Murabahah that was oversubscribed by three times.
IRVING (Texas): Exxon Mobil Corp plans to lay off an unspecified number of employees as low oil prices force the company to delay major projects, chief executive officer Darren Woods has told his staff in an email
KUALA LUMPUR: Utility and infrastructure group MMC Corp is reviving an initial public offering plan for its port assets, which could be the biggest listing in the country since 2012, according to people familiar with the matter.
KUALA LUMPUR: Stocks to watch on Thursday include Kerjaya Prospek Group Bhd, Mah Sing Group Bhd, Kumpulan Powernet Bhd, Ekovest Bhd and Hua Yang Bhd, accrording to JF Apex Research.
PETALING JAYA: Kumpulan Powernet Bhd (Kpower) is making a foray into the logistics business with its proposed acquisition of a 51% stake in chemical and gas logistic transportation and forwarding services company, Chemtrax Sdn Bhd, for RM10mil cash.