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