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Business 22 Apr 2011 | 12:00 AM

Body set up to assist Govt in funding pension buys first property abroad

PETALING JAYA: The Retirement Fund Inc or KWAP, a statutory body set up to assist the government in funding its pension liability, has bought its first property overseas in Melbourne, Australia, for A$113mil.

Business 21 Jan 2011 | 12:00 AM

UEM-EPF takeover of PLUS in the bag

PETALING JAYA: Now that no new offers for PLUS Expressways Bhd have materialised, the impending takeover of the company's assets and liabilities by the UEM Group and the Employees Provident Fund (EPF) will likely be voted through by PLUS' minority shareholders, according to bankers close to the deal.

Business 07 Jan 2011 | 12:00 AM

Other takeover offers unlikely for PLUS

PETALING JAYA: As the final deadline of Jan 10 looms closer for PLUS Expressways Bhd to receive takeover offers, it seems almost certain that there will be only two.

Business 20 Dec 2010 | 12:00 AM

EPF and GLICs may back PLUS takeover

PETALING JAYA: Government-linked investment companies (GLICs), including Kumpulan Wang Persaraan (KWAP), have indicated an intention to vote in favour of the proposed takeover of PLUS Expressways Bhd by UEM Group and the Employees Provident Fund (EPF), reliable sources said.

Business 13 Nov 2010 | 12:00 AM

Analysts say UK property market sluggish

PETALING JAYA: The property market in the UK is currently very sluggish and prices are low, according to analysts responding to the move by the Employees Provident Fund (EPF) and Kumpulan Wang Persaraan (KWAP) to acquire their first property there.

Business 11 Nov 2010 | 12:00 AM

Last call for PLUS suitors

PETALING JAYA: Potential suitors for PLUS Expressways Bhd will have to make their offers fairly soon - before next month's EGM to table the RM23bil offer by UEM Group Bhd and the Employees Provident Fund (EPF) to PLUS shareholders.

Business 03 Nov 2010 | 12:00 AM

Boosting liquidity will take time

PETALING JAYA: The plan to improve the local stock market's scale and liquidity will not see immediate results as the Government's process of selling down its stakes in government-linked companies (GLCs) and attracting foreign investors to pick up local stocks will take time, according to fund managers and analysts.

Business 03 Nov 2010 | 12:00 AM

Economists baffled over ‘unhappiness’ of PLUS minority shareholders

KUALA LUMPUR: Economists and analysts are baffled as to how some minority shareholders of PLUS Expressways Bhd can be unhappy with the RM4.60 per share offer price made by UEM Group Bhd and the Employees Provident Fund, ahead of deliberations on the merits of the deal.

Business 28 Oct 2010 | 12:00 AM

KWAP unhappy with EPF-UEM offer

KUALA LUMPUR: A major shareholder of PLUS Expressways Bhd is 'not happy' with the Employees Provident Fund (EPF)-UEM Group Bhd's takeover price for the firm, and may consider other bids, according to two sources.

Business 26 Oct 2010 | 12:00 AM

Analysts: Asas Serba unlikely to get PLUS expressways

PETALING JAYA: Asas Serba Sdn Bhd, a company that sensationaly made a bid to buy all the highways in the country for RM50bil last year, might find too many obstacles in its way should it decide to lodge a bid for PLUS Expressways Bhd, according to analysts.