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UEM Land Sdn Bhd, the property development subsidiary of UEM Group Bhd, will be listed in September in a restructuring exercise worth between RM2bil and RM3bil, while UEM World Bhd, the listed investment holding company of the group, will eventually be delisted.
PETALING JAYA: Two major shareholders of EON Capital Bhd (EON Cap) - Singaporean Rin Kei Mei through Kualapura Sdn Bhd and Lintang Emas Sdn Bhd, and the Tiong group through RH Development Sdn Bhd - have received the green light from Bank Negara to negotiate the sale of their stakes in the banking group.
PETALING JAYA: Will he or won't he? The market is abuzz that Tanjong plc's major announcement today will involve substantial shareholder T. Ananda Krishnan proposing totake the power and gaming company private, just two days after the tycoon announced a similar exercise for Measat Global Bhd.
PETALING JAYA: Asset-backed securities (ABS) are expected to make a comeback in the local bond market as the economy recovers and investor sentiment improves, industry players said.