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What’s Karim’s plans for SCIB?THE takeover offer in Sarawak Consolidated Industries Bhd (SCIB) ended with major shareholder Datuk Mohd Karim Abdullah and parties acting in concert holding more than half of the company.
Despite gold being in vogue because of its safe haven status, not all gold manufacturers and traders are celebrating.
KUALA LUMPUR: Legion Master Sdn Bhd, the major shareholder of DeGem Bhd, announced a privatisation plan, sending its share price up 24% at midday on Thursday.
KUALA LUMPUR: Degem Bhd, the jewellery maker, said a major shareholder has requested the company to consider a selective capital repayment (SCR) plan and to delist the stock.
MANILA: Philippine boxing champion Manny Pacquiao launched his very own cryptocurrency on Sunday at a free concert in Manila, where he serenaded more than 2,000 fans to drum up interest in the product.
WASHINGTON: The International Monetary Fund on Wednesday warned against governments trying to weaken their currencies through monetary easing or market interventions, arguing in a blog post that this would hurt the functioning of the international monetary system and make all nations worse off.
PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has received a conditional mandatory general offer (MGO) from its major shareholder, Datuk Mohd Abdul Karim Abdullah.
KUALA LUMPUR: Serba Dinamik Bhd founder and CEO Datuk Mohd Abdul Karim Abdullah has made a conditional mandatory takeover offer for shares he does not already own in Sarawak Consolidated Industries Bhd (SCIB) at RM1.10 a share.KUALA LUMPUR: Serba Dinamik Bhd founder and CEO Datuk Mohd Abdul Karim Abdullah has made a conditional mandatory general offer for a shares in Sarawak Consolidated Industries Bhd (SCIB) at RM1.10 a share.
PETALING JAYA: The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).
Singapore: Singapore’s move to shift the power on delistings in favour of minority shareholders means bidders will need to pay higher premiums to get deals done.