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Business 07 Jan 2011 | 12:00 AM

Other takeover offers unlikely for PLUS

PETALING JAYA: As the final deadline of Jan 10 looms closer for PLUS Expressways Bhd to receive takeover offers, it seems almost certain that there will be only two.

Business 21 Jan 2011 | 12:00 AM

UEM-EPF takeover of PLUS in the bag

PETALING JAYA: Now that no new offers for PLUS Expressways Bhd have materialised, the impending takeover of the company's assets and liabilities by the UEM Group and the Employees Provident Fund (EPF) will likely be voted through by PLUS' minority shareholders, according to bankers close to the deal.

Business 22 Apr 2011 | 12:00 AM

Body set up to assist Govt in funding pension buys first property abroad

PETALING JAYA: The Retirement Fund Inc or KWAP, a statutory body set up to assist the government in funding its pension liability, has bought its first property overseas in Melbourne, Australia, for A$113mil.

Business 11 May 2011 | 12:00 AM

Two IPOs with expected market capitalisation of RM6bil coming

PETALING JAYA: Investors can look forward to two large initial public offerings (IPOs) coming on board the Main Market of Bursa Malaysia in the second half of this year.

Business 06 Jul 2011 | 12:00 AM

33 Government linked companies to be divested

KUALA LUMPUR: The Government has identified 33 of its companies as ready for divestment. Under the plan to rationalise the portfolio of government-linked companies (GLCs) in Malaysia, the Government will reduce its stakes in some of these companies, list a few others and sell the rest.

Business 07 Jul 2011 | 12:00 AM

GLICs to pare down stakes in prominent companies

PETALING JAYA: Government-linked investment companies (GLICs) are likely to pare down their stakes in the usual suspects such as Malaysia Airlines (MAS), Malaysia Airports Holdings Bhd (MAHB), Proton Holdings Bhd and Malaysia Building Society Bhd (MBSB).

Business 09 Jul 2011 | 12:00 AM

Divesting interest in GLCs

A measure to define the Government's role in business, improve liquidity in capital market and provide more private investment opportunities

Business 22 Jul 2011 | 12:00 AM

RM80b target for retirement fund

KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP), also known as Retirement Fund Inc, hopes to increase its fund size to RM80bil from RM70.52bil in view of higher gross investment income as well as the Federal Government and employers' contributions.

Business 22 Jul 2011 | 12:00 AM

KWAP supports Kencana and SapuraCrest merger

KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) has given its support as one of Kencana Petroleum Bhd#8217;s shareholders, for the proposed merger between Kencana and SapuraCrest Petroleum Bhd.

Business 05 Aug 2011 | 12:00 AM

SapuraCrest–Kencana RM11.85bil merger needs 75% shareholders’ nod

PETALING JAYA: The boards of directors of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd are at the final stages of approving the merger between the two companies to create the largest oil and gas (OG) service provider by asset in the country, sources said.