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Singapore’s change to delisting rule will lead to higher prices, analysts say

SINGAPORE: Singapore’s move to shift the power on delistings in favor of minority shareholders means bidders will need to pay higher premiums to get deals done.


Langit Makmur buys more Yee Lee shares as offer extended until July 3

KUALA LUMPUR: Langit Makmur Sdn Bhd, which is one of the joint offerors in the takeover of Yee Lee Corp Bhd, bought 155,500 shares at RM2.33 each on Wednesday.


Apex clears hurdle for merger with Mercury

KAJANG: The battle in Apex Equity Holdings Bhd has taken a major turn with shareholders voting in favour of the merger with Mercury Securities Sdn Bhd in a slim majority of 54.8%.


Universal eyes bidder as buyout firms balk

LOS ANGELES: Vivendi SA is targeting strategic buyers for a stake in Universal Music Group as some private equity investors balk at the high price and slow pace of the deal, according to people familiar with the matter.


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Business news in brief.


In the end, the Brexit choice is stay or go

THE root of the Brexit crisis is not, as you might think, the failure of the hard-Brexit Tories to compromise. Rather, it’s that no good compromise exists.

Analyst Reports

Time to do some soul-searching

AS you grow older, you tend to appreciate quiet moments to reflect on the past, present and future.

Corporate News

Axiata accepts takeover offer for Singapore's M1 at RM1.65b

KUALA LUMPUR: Axiata Group Bhd has accepted the general offer for its 28.67% stake in Singapore's M1 Ltd which will see it netting a gain of RM126.45mil on disposal of the shares.

Corporate News

Campaign: fight bullies with kindness

PETALING JAYA: The award-winning #StandTogether kindness campaign, organised by Star Media Group Bhd and SP Setia Bhd, has been launched for the second year – this time with a focus on hate speech.