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KUALA LUMPUR: Shares of cement players Lafarge Cement and Tasek rallied on Thursday on the East Coast Rail Link (ECRL) projects while Greatech surged on its trading debut on the ACE Market.
KUALA LUMPUR: Profit-taking accelerated on the local market, dragging the FBM KLCI lower for the third consecutive day amid fading hopes for a trade deal at the G20 summit in Japan.
KUALA LUMPUR: Shares of cement maker Lafarge Malaysia Bhd surged to a high of RM4.25, the highest since May last year after AmInvestment Bank has advised minority shareholders to reject YTL Group's takeover offer of RM3.75 a share.
KUALA LUMPUR: AmInvestment Bank has advised minority shareholders of Lafarge Malaysia Bhd to reject YTL Group's takeover offer at RM3.75 a share.
ZURICH: LafargeHolcim has agreed to sell its operations in the Philippines in a deal which values the business at $2.15 billion, the world's largest cement maker said on Thursday, as it presses ahead with selling off operations in fringe markets.
KUALA LUMPUR: Asian markets including Bursa Malaysia on Monday reeled from US President Donald Trump's fresh threat against China to raise tariffs on Chinese imports this week.
KUALA LUMPUR: Blue chips fell in early Monday trade, tracking the worried key Asian markets after US President Donald Trump’s threat to hike US tariffs on US$200bil worth of Chinese goods this week and targeted hundreds of billions more.
WHILE there have been concerns that YTL Cement Bhd’s acquisition of Lafarge Malaysia Bhd may breach competition laws in the country, the competition watchdog says that it is not in a position to stop such mergers and acquisitions (M&As) from taking place.