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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.
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.
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.
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.
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).
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.