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NESTLE (M) Bhd will close down all activities relating to the sugar confectionery business conducted by two subsidiaries from May 1, as they have been a drain on the company#039;s operating profits.
Against the sluggish market condition, we note a comforting trend from either companies resuming or activating buybacks on their own, or major shareholders emerging buyers. These are certainly signals of confidence to the investment community, and more so to minority shareholders during the trying period. In this report, we compile these transactions which we believe would be of interest to investors, categorising into:
Star Publications (M) Bhd gave away 1,000 copies of I>Kuntum/Ito a #8220;visionary#8221; primary school to mark the launch of the mobile promotion unit of the popular children#8217;s magazine here recently.
NESTLE (M) Bhd#039;s wholly-owned subsidiary Nestle Foods (M) Sdn Bhd has signed an agreement for the issuance of RM700mil worth of Islamic commercial paper and medium-term notes (CP/MTN) following approval by the Securities Commission.