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HONG KONG: China’s HNA Group is selling a controlling stake in its Hong Kong-listed construction firm to Blackstone Group for HK$7.02bil (US$894.3mil), according to a regulatory filing, the latest asset disposal by the embattled Chinese conglomerate.
HONG KONG: China's HNA Group is selling a controlling stake in its Hong Kong-listed construction firm to Blackstone Group for HK$7.02 billion (US$894.31 million), according to a regulatory filing, the latest asset disposal by the embattled Chinese conglomerate.
PETALING JAYA: Former Umno MP Datuk Abd Aziz Sheikh Fadzir has emerged as the new controlling shareholder of Utusan Melayu (Malaysia) Bhd, ending the decades-long direct control of the Malay newspaper group by Umno.
PETALING JAYA: Umno has lost direct control of Utusan Melayu (Malaysia) Bhd after 31.6% stake of the company's shares changed hands on Friday (Feb 8).
PETALING JAYA: Investors scooped up shares of Malaysian Resources Corp Bhd (MRCB) following the latest news that the company has pocketed a land disposal payment of RM1.07bil, pushing the stock up by 2.56%
PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) has received RM1.074bil from the Employees Provident Fund (EPF) for the retirement fund’s 80% subscription in Bukit Jalil Sentral Property Sdn Bhd (BJSP).
KUALA LUMPUR: CIMB Group Holdings Bhd's 9M18 net profit of RM4.47bil, up 30.8% year-on-year, came in within expectations, said Affin Hwang Capital research.
JAKARTA (Bloomberg): The home of Lippo Group's deputy chairman James Riady was searched by Indonesian anti-graft officials, the latest development in a bribery probe that has entangled one of the country's leading business conglomerates and thrown into doubt the future of a major development project touted as the "Shenzhen of Indonesia".