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BANGALORE: After Snapdeal’s board rejected a takeover offer from Flipkart Online Services Pvt Ltd, the two sides find themselves about US$100mil apart as negotiations continue, people familiar with the matter said.
WCT continues its de-gearing strategies
SEOUL: A South Korean retail giant has shelved controversial expansion plans, while a large bank made hundreds of contract jobs permanent after President Moon Jae-in (pic) took office vowing to reform the family-run conglomerates that dominate the economy.
Bond fund manager betting on economy to start new business cycle
PETALING JAYA: Despite initial hype, the entry of Pavilion group’s Tan Sri Desmond Lim Siew Choon is unlikely to change construction firm WCT Holdings Bhd’s strategic direction.
The sale of 19.7% stake in WCT Holdings Bhd to Dominion Nexus Sdn Bhd, a company controlled by property tycoon Tan Sri Desmond Lim Siew Choon, could open the door for a value unlocking exercise over the medium term although it falls short of triggering a general offer
KUALA LUMPUR: CIMB Equities Research is positive on the entry of Tan Sri Desmond Lim Siew Choon, who is the executive Chairman of Malton Bhd, as the single largest shareholder of WCT Holdings.
KUALA LUMPUR: Malton Bhd executive chairman Tan Sri Desmond Lim Siew Choon, who acquired 19.67% equity interest in WCT Holdings Bhd on Tuesday, has been appointed executive chairman of the engineering and construction group.
Breakfast briefing: Wednesday, November 2
IMAGINE central bank stimulus worth US$1,700 for every person on Earth. It’s not the next leap into monetary science fiction, it’s the reality of the balance sheets being run now by just three central banks – the US Federal Reserve, the European Central Bank (ECB) and the Bank of Japan (BoJ)