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Deals of the day - Mergers and acquisitions
July 14: The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: London-listed drugmaker Shire Plc said it was ready to recommend a new 31 billion pounds ($53 billion) takeover offer from AbbVie Inc, entering talks after receiving a fifth bid from the U.S. firm.
Tan's asset-unlocking trail
TAN SRI Robert Tan Hua Choon, once dubbed the “the Casio King” for being the only distributor of the brand’s watches and calculators, just keeps unlocking the value of his companies.
Listed companies being targeted for takeovers
A NEW trend is taking place in Bursa Malaysia. New life is being injected into listless companies by new shareholders looking for a quick way to obtain a listing status to house their businesses.
Uzma inks contract with Petronas
PETALING JAYA: Uzma Bhd confirmed it has entered into a contract with Petroliam Nasional Bhd (Petronas) to carry out the development and production of petroleum from the Tanjung Baram field.
FCW, with RM170mil, on the hunt for land
KUALA LUMPUR: Armed with an RM170mil war chest from the sale of its Segambut land to IJM Land Bhd, Tan Sri Robert Tan Hua Choon’s FCW Holdings Bhd is on the prowl to beef up its landbank in Malaysia.
Wal-Mart's China syndrome: cheap is suspicious
MUMBAI/BEIJING: Wal-Mart Stores Inc, famed for its low prices, has stumbled in the one major market where consumers say price is less of a driver in their buying decisions: China.
Ex-PDZ chairman Tan proposes to buy O&G Efogen
PETALING JAYA: Shipping firm PDZ Holdings Bhd’s major shareholder and former chairman, Tan Sri Robert Tan Hua Choon (pic), is in discussions to acquire a 100% stake in Efogen Sdn Bhd, a bumiputra oil and gas (O&G) company providing integrated upstream O&G services and solutions, according to sources.
Scicom in it for the long haul
WHEN PT Telekomunikasi Indonesia International (Telin) decided to sell down its 25% stake in Scicom (MSC) Bhd last week, many were surprised.
FCW shares and warrants down after Bursa UMA query
KUALA LUMPUR: Shares and warrants of FCW Holdings Bhd fell after Bursa Malaysia Securities Bhd issued an “Unusual Market Activity” query on its stock, which hit limit-up on Tuesday.
Bursa Malaysia issues UMA query on FCW limit-up
KUALA LUMPUR: Bursa Malaysia Securities Bhd had on Tuesday issued an “Unusual Market Activity” query on the limit-up in price of FCW Holdings Bhd’s securities.