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Business

Texchem gets further extension

KUALA LUMPUR: The Singapore Exchange Securities Trading Ltd, has granted a further extension to Texchem Resources Bhd (TRB), the majority shareholder of Texchem-Pack Holdings (S) Ltd (TXPH), to make a reasonable exit offer to the latter’s shareholders.

Business

Top foreign and local stories at 3pm

Top foreign and local stories at 3pm

Corporate News

Texchem Resources gets further extension to make exit offer

KUALA LUMPUR: The Singapore Exchange Securities Trading Ltd, has granted a further extension to Texchem Resources Bhd (TRB), the majority shareholder of Texchem-Pack Holdings (S) Ltd (TXPH), to make a reasonable exit offer to the latter's shareholders.

Eat And Drink

A quick Japanese treat

THE unification of Yoshinoya and Hanamaru Udon restaurants will bring diners the best of both worlds here in Malaysia.

Corporate News

Texchem group gets another year to comply with Companies Act

KUALA LUMPUR: The Penang High Court has given another one-year extension to Texchem Resources Bhd’s subsidiary Texchem Corp Sdn Bhd (Texcorp) to comply with Section 17 of the Companies Act, 1965 on membership of the holding company.

Business

Support Line

GENTING Malaysia slipped into mild correction mode after setting an all-time high of RM4.70 on April 14. In the short term, prices are expected to stay in consolidation until a clearer picture emerges. A breach of the historical peak would send the bulls into unknown territory. Initial support is pegged at the 50-day simple moving average of RM4.24, followed by the RM4.13 level.

Markets

KLCI extends decline on Tenaga and Axiata losses

KUALA LUMPUR: Malaysia’s blue chips extended their losses for the third day early Wednesday with the FBM KLCI shedding more than three points on fund selling of Tenaga Nasional and Axiata.

Business

Texchem Q1 earnings surge to nearly RM5mil

KUALA LUMPUR: Texchem Resources Bhd’s net profit jumped more than five times to RM4.99mil in the first quarter ended March 31, 2015 from RM927,000 a year ago, underpinned by higher profits from industrial, food, restaurant and other divisions.

Business

Texchem may list unit

KUALA LUMPUR: Texchem Resources Bhd, the owner of several Japanese restaurant chains, is mulling a plan to consolidate its food business and list the enlarged division on Bursa Malaysia.

Business

Texchem to invest RM50mil in 200 Yoshinoya and Hanamaru restaurants in Malaysia

GEORGE TOWN: Texchem Resources Bhd (TRB) will invest about RM50mil in 200 Yoshinoya and Hanamaru brand name restaurants in the country over the next five years.