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THE KL stock market yesterday staged a much-awaited breakout from its lacklustre performance of the past 1½ weeks, with the benchmark Composite Index (CI) closing 8.9 points, or 1.1%, higher at 790 on broad-based buying of blue chips and big cap stocks by both local and foreign fund managers.
ASTRO All Asia Networks plc, whose initial public offer (IPO) attracted immense interest both domestically and abroad, disclosed yesterday it would raise RM2.03bil from selling 508 million shares.
A huge crowd gathered at the Malaysian Issuing House (MIH) Sdn Bhd in Jalan Munshi Abdullah to submit their application forms for Astro All Asia Networks Plc shares when the counters opened yesterday morning.
ASTRO All Asia Networks plc has forecast a profit before tax but after minority interest of between RM28.6mil and RM33.6mil on a turnover of RM1.4bil for its current financial year ending Jan 31, 2004.
Property Talk: A weekly column by S.C. Cheah. This week he asks where can you find an office building that has a combination of the following: prestigious address, prime location, lakeside view, no traffic jams, lovely parks and high chances of bumping into top government officials?
AUDITOR-GENERAL Datuk Dr Hadenan Abdul Jalil has cautioned the Government against standing guarantor to loans taken by companies in his report.
More government assets could be unlocked via new listings on the KL Stock Exchange and reduction of some of its large holdings in companies such as Tenaga Nasional Bhd and Telekom Malaysia Bhd as well as banks.