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Mystery over Pos Malaysia bidders
ALTHOUGH Khazanah Nasional Bhd's divestment of its 32.2% stake in Pos Malaysia Bhd is expected, it remains a big mystery who will take over the reins at the postal service company.
Shopping mall organises charity gala for special kids
Children from the Kiwanis Down Syndrome Foundation (KDSF) took on the centre stage together with models at the 'Loves Comes First' fashion gala recently.
Pos Malaysia proposes to revamp and return cash
The suspension of trading in Pos Malaysia Services Holdings Bhd shares and the company's announcement of a proposed restructuring and capital repayment yesterday has gotten the investing fraternity abuzz with talk.
Bad calls led to Matrade mess
Poor decisions by the Finance Ministry and the Public Works Department led to mismanagement and loss of funds in the Malaysia External Trade Development Corporation (Matrade) building project.
Guthrie Ropel signs S&P deals for sale of land
Guthrie Ropel Bhd, a subsidiary of Kumpulan Guthrie Bhd, yesterday entered into sale and purchase agreements with Flora Horizon Sdn Bhd, Hartawan Development Sdn Bhd, Pilihan Teraju Sdn Bhd and Paduwan Development Sdn Bhd, for the sale of four parcels of Ladang Bertam in Malacca for RM91mil.
Pos M’sia rebounds from 4-month low
POS Malaysia Services Holdings Bhd's share price rebounded from a four-month low to close 14 sen higher yesterday at RM3.28 after Khazanah Nasional Bhd emerged as its largest shareholder.
News in brief
News briefs on: Ranhill, Khazanah, Heitech, AMMB Holdings, PPB Oil Plams, Kosmo Technology, Mahajaya, U-Wood, OSK Ventures, Cagamas and Emas Kiara.
Avenue Capital to divest stake in Pos Malaysia
AVENUE Capital Resources Bhd yesterday proposed to distribute to its shareholders RM237mil worth of the company's shares in PosMalaysia Services Holdings Bhd and will undertake a reorganisation to make its capital structure more efficient, group managing director Tengku Zafrul Abdul Aziz told the media.
Two-year jail term for Waad
The Federal Court has ordered that a RM45,000 fine imposed on ex-Gemencheh assemblyman Datuk Waad Mansor be converted into a two-year jail sentence for each of three counts of corrupt practices he faced.
