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Business 15 Jul 2015 | 2:35 PM Premium

BOC Hong Kong to sell unit for US$8.8bil

SHANGHAI: Lender BOC Hong Kong Holdings Ltd plans to sell subsidiary Nanyang Commercial Bank (NCB) for HK$68bil (US$8.8bil) in the city's largest sale to date.

Property 17 Jan 2015 | 12:00 AM Premium

Genting unit buys US firm for RM85mil

PETALING JAYA: Genting Bhd’s 82.1% owned subsidiary, DNA Electronics Ltd (DNAe), has acquired the entire issued share capital of NanoMR Inc for a total cash consideration of US$24mil (RM85.3mil) by way of a merger under US laws.

Property 23 Apr 2015 | 12:00 AM Premium

MRCB to sell 51% stake in Nu Sentral for RM120m

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) intends to sell its entire 51% equity stake in Nu Sentral Sdn Bhd to Pelaburan Hartanah Bhd (PHB) for RM119.77mil.

Business 16 Jan 2015 | 12:00 AM Premium

MISC calls off RM250m stake sale

PETALING JAYA: International shipping and maritime conglomerate MISC Bhd has called off a deal to dispose of its entire equity interest in MISC Integrated Logistics Sdn Bhd (MILS) for RM250mil.

Analyst Reports 06 May 2015 | 8:56 AM Premium

CIMB Research downgrades Pharmaniaga after share price surge

KUALA LUMPUR: CIMB Equities Research has downgraded Pharmaniaga to Reduce from Hold as its valuation is rich relative to its peers in the region.

Business 20 Jul 2019 | 12:00 AM Premium

Time to look east for MAS

Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.

Business 16 Jul 2019 | 2:37 AM Premium

Singapore 2019 economic growth outlook lowered to 2% by IMF

NEW YORK: The International Monetary Fund sees Singapore’s economic growth slowing to 2% in 2019 as global trade tensions hurt external demand.

Business 15 Jul 2019 | 12:36 AM Premium

CIMB Research neutral on FGV’s sale of China Oils

KUALA LUMPUR: CIMB Equities Research is neutral on FGV’s sale of its entire 100% stake in FGV China Oils for Rmb165m (or RM100mil) to Grand Industrial Holding Co Ltd.

Business 13 Jul 2019 | 12:00 AM Premium

Leave PLUS alone!

Comment - Pankaj C. Kumar PLUS Malaysia Bhd is a national asset owned by all Malaysians via UEM Group Bhd’s 51% stake in the company, which in turn is wholly-owned by Khazanah Nasional, the government’s sovereign wealth fund.

Business 09 Jul 2019 | 12:00 AM Premium

China’s gold hoard swells

SINGAPORE: Central banks are going after gold in 2019, boosting holdings as economic growth slows, trade and geopolitical tensions rise, and some authorities seek to diversify their reserves away from the dollar.