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Ekuinas shelves plans to list Ilmu

KUALA LUMPUR: State-backed private equity firm Ekuiti Nasional Bhd (Ekuinas) has shelved plans to list its consolidated education group, Ilmu Education Group Sdn Bhd.

Raja Arshad: More investments into Icon and Orkim

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) does not rule out putting more money into its oil and gas (O&G) portfolio companies Icon Offshore Bhd and Orkim Sdn Bhd.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Ekuinas not going ahead to list Ilmu on Bursa, says CEO

KUALA LUMPUR: State-backed private equity firm Ekuiti Nasional Bhd (Ekuinas) is relooking its initial plans to list its consolidated education group, Ilmu Education Group Bhd (Ilmu).

Ekuinas funds do well in FY16

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas)'s Ekuinas Direct (Tranche I) and the Ekuinas Direct (Tranche II) funds recorded gross portfolio returns of RM466.4 million and RM331.6 million, respectively, for the financial year ended Dec 31, 2016.

UMW 'sell', MISC 'hold', Cahya Mata 'buy', MRCB-Quill 'Outperformed', Tan Chong Motor 'reduce'

SHAREHOLDERS of UMW Holdings Bhd have approved the proposed distribution-in-specie of the entire 55.7% stake in UMW Oil and Gas as well as capital reduction at its EGM last week.

Sabah ready to set up own state-funded English medium schools, says Abdul Rahman

KOTA KINABALU: Sabah should be allowed to set up its own state-funded English me­­dium schools, said Minister in the Prime Minister’s Department Datuk Seri Abdul Rah­man Dahlan.

Sabah should take the lead in setting up English-medium govt schools, says Abdul Rahman

KOTA KINABALU: Sabah should take the lead in the setting up of English-medium government schools, said Datuk Seri Abdul Rahman Dahlan.

UMW-OG left on its own to survive

THE aborted deal between UMW Oil & Gas Corp Bhd’s (UMW-OG) and Ekuiti Nasional Bhd (Ekuinas) over the acquisitions of Icon Offshore Bhd and Orkim Sdn Bhd has put the group back in square one – it has to battle the weak prospects in its upstream drilling business for the next few years to come.

UMW Oil and Gas, Icon Offshore down as investors cautious

KUALA LUMPUR: Shares of UMW Oil and Gas (UMW-OG) and Icon Offshore fell in early Friday trade when they resumed trading after a one-day suspension on corporate news about the move to cancel the consolidation.