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PETALING JAYA: The Mammoth Empire group failed to meet its target of divesting its Empire Shopping Gallery by the end of last month, a move that would have given the group its much-needed cash injection.
BENGALURU: Walt Disney Co’s quarterly profit and revenue on Tuesday beat analysts’ estimates fueled by movie studio hits, and the media company said it was taking a stake in a streaming video technology company to sell more content directly to consumers.
KUALA LUMPUR: Malaysian Resources Corp Bhd’s (MRCB) 85% owned indirect subsidiary Rukun Juang Sdn Bhd has signed a supplemental agreement to the RM1.63bil Kuala Lumpur Sports City contract which allows for the extension of Project 1’s completion period beyond 17 months.
FRANKFURT: Adidas AG CEO Herbert Hainer said he’s exploring the sportswear maker’s portfolio to establish which units fit with long-term plans as his strategy comes under the spotlight by shareholders known as agitators for change.