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Business 22 Mar 2003 | 12:00 AM

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 22 Mar 2003 | 12:00 AM

Faber faced with limited options

DESPERATE times call for desperate measures. Faber Group Bhd knows this only too well. Saddled with massive debts and exorbitant interest payments, the group needs to fast work out a plan to address its financial woes.

Business 01 Mar 2003 | 12:00 AM

No rush for Eden warrants

EDEN Enterprises (M) Bhd#8217;s comeback from PN4 status advanced another step with the listing of new shares, warrants and irredeemable convertible unsecured loan stocks (ICULs) last Tuesday.

Business 13 Feb 2003 | 12:00 AM

News in brief

Country Heights and Repco Holdings.

Business 11 Feb 2003 | 12:00 AM

News in brief

News in brief on Kumpulan Guthrie, Petronas, Plantations Development (M) Berhad and other firms.

Business 01 Feb 2003 | 12:00 AM

Rekapac served de-listing notice

THE KLSE has announced the commencement of further de-listing procedures against Rekapacific Bhd (Rekapac), notwithstanding the High Court order staying the exchange#039;s earlier decision to delist Rekapac, pending a judicial review.

Business 30 Jan 2003 | 12:00 AM

Promet signs agreement on restructuring

PROMET Bhd has signed a memorandum of agreement with businessmen Mahmud bin Ali and Mohd Shafie bin Mahmud to undertake a restructuring exercise involving capital reduction, debt settlement and acquisition of asset to regularise the company#146;s financial position.

Business 29 Jan 2003 | 12:00 AM

FW hopes to complete debt revamp in April

Financially distressed engineering and construction group, FW Industries Bhd expects to complete its debt restructuring scheme in April this year, said executive director Tong Kai Mun.

Business 17 Jan 2003 | 12:00 AM

SC gives nod to 129 corporate proposals in Q4 2002

THE Securities Commission (SC) has approved 129 corporate proposals in the final quarter 2002, bringing the total approved proposals for the year to 384.

Business 11 Jan 2003 | 12:00 AM

Urgent remedy for Actacorp

The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.