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Business

News in brief

News in brief on Southern Bank, Khazanah Nasional, AMMB Holdings and other firms.

Business

Private matters

BOUSTEAD Holdings Bhd has joined the growing list of parent corporations eager to convert their listed subsidiaries into wholly-owned entities.

Business

TH Group moves away from old economy

TH GROUP Bhd managing director Lei Lin Thai may not speak the language of technology and life sciences, but he certainly has the foresight to recognise an industry that might be hailed as the next big thing.

Business

Telekom to keep Celcom listed

TELEKOM Malaysia Bhd intends to maintain the listing status of Celcom (M) Bhd even though a full take-up rate of its mandatory general offer (MGO) for Celcom shares would give Telekom the option to take the cellular company private.

Business

Celcom faces critical vote on merger with TM Cellular

Today is a critical day for Celcom (M) Bhd, which is holding an EGM to seek shareholders' approval to buy TM Cellular Sdn Bhd, the mobile subsidiary of Telekom Malaysia Bhd.

Business

Hot Stock - Renong Berhad

HOVERING between the support and resistance of 36 sen and 57.5 sen respectively since early October last year, this speculative stock rebounded strongly from its downside support over the past several days.

Business

UEM-Renong to unveil revamp

THE United Engineers (M) Bhd (UEM)/Renong Bhd group unveils today its long-awaited restructuring plan aimed at putting the group on a stronger growth path.

Business

UEM-Renong finalises revamp

The UEM-Renong Bhd group announced yesterday its long-awaited final restructuring plan, which will see Renong being taken private and the streamlining of core business units under a new company to help the group trim debts.

Business

Renong revamp : The good and bad

FOLLOWING intense speculation on what possible form the debt restructuring of the United Engineers (M) Bhd-Renong Bhd group would take; it appears as though all that pent-up excitement has, in a flash, been snuffed out.

Business

UEM announces several senior management appointments

THE UEM group has announced the transfer of Time dotCom Bhd executive director and chief executive officer B>Ahmad Pardas Senin/Bto United Engineers (M) Bhd and seconded him to Silterra Malaysia Sdn Bhd, a subsidiary of Khazanah Nasional Bhd, effective Tuesday, for an initial duration of two years.