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PETALING JAYA: With only two out of nine listing applications approved in the third quarter, the Securities Commission (SC) is sending out a strong signal about its strictness in vetting companies. 'It does seem as if the SC has become more stringent about IPO applications,' said the head of corporate finance at a local investment bank.
PETALING JAYA: Tan Sri Vincent Tan Chee Yioun is in the news again. Tan's Berjaya Corp Bhd (BCorp) is seeking to privatise Cosway Corp Ltd (CCL), just about 20 months after listing the profitable direct-selling business on the Hong Kong Stock Exchange (HKSE).
PETALING JAYA: Bermaz Motor Sdn Bhd, the official distributor of Mazda cars in Malaysia, expects its vehicle sales to exceed 5,000 units in 2011 as it will be offering completely-knocked-down (CKD) models from this year.