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Corporate News 14 Mar 2019 | 12:00 AM

African online retailer Jumia seeks New York IPO

NEW YORK: African online retailer Jumia Technlogies AG started a plan to sell shares in New York as the fast-growing Nigerian firm seeks to take advantage of rising internet access and increasing smartphone use on the continent.

Corporate News 11 Mar 2019 | 12:00 AM

HNA to sell stake in HK firm

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.

Corporate News 10 Mar 2019 | 10:14 AM

HNA Group to sell stake in HK firm to Blackstone for US$894m

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.

Nation 09 Feb 2019 | 12:00 AM

New man at Utusan’s helm

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.

Nation 08 Feb 2019 | 12:13 PM

Umno loses direct control of Utusan

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).

Business 26 Jan 2019 | 12:00 AM

Anbang explores sale of Manhattan office building

HONG KONG: Anbang Insurance Group Co, which symbolised the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire.

Corporate News 21 Dec 2018 | 12:00 AM

7 research houses recommend 'buy' calls on MRCB shares

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%

Corporate News 20 Dec 2018 | 12:00 AM

EPF pays MRCB RM1.07bil for 80% stake in Bukit Jalil Sentral project

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).

Analyst Reports 30 Nov 2018 | 12:52 AM

Affin Hwang maintains hold on CIMB with TP of RM6.10

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.

AseanPlus News 18 Oct 2018 | 11:36 AM

Bribery probe hurts one of South-East Asia's biggest projects

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".