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Community

China’s National Day celebrated with recognition of trade relations and friendship

THE Royal Malaysian Army band performed songs in Mandarin, old and new. The ballroom was awash in red. An ice carving of the Great Wall of China graced the centrepiece.

Business

Lay Hong in for egg-citing times

Now that its boardroom tussle is over, the firm is looking for foreign partners that can help grow further its intergrated livestock business.

Business

QL sells off Lay Hong stake

AN off-market transaction of 19.87 million shares or a 38.8% stake in poultry player Lay Hong Bhd, believed to be the block belonging to QL Resources Bhd was crossed yesterday at a price of RM3.05, according to sources.

Business

Trading ideas: Destini, Mieco, UEM Edgenta

KUALA LUMPUR: JF Apex Research expects Destini, Mieco Chipboard, UEM Edgenta, London Biscuits and Melati Ehsan to be among the stocks to watch on Tuesday.

Business

Cocoaland shares up on takeover offer

PETALING JAYA: The RM463.3mil non-binding offer to buy out Cocoaland Holdings Bhd has nudged the share price of the snacks and candy manufacturer up by some 20.59% to a two-year high of RM2.46, and led to a slight increase in the share prices of some other food manufacturers.

Business

London Biscuits share price stages rebound

KUALA LUMPUR: After falling to an all-time low of 55 sen on Dec 16 last year amid an extended correction, London Biscuits Bhd staged a nice rebound, hitting a high of 87.5 sen on March 13 on renewed bargain hunting activity.

Corporate News

Komarkcorp ED emerges as substantial shareholder in Khee San

KUALA LUMPUR: Confectionery manufacturer Khee San Bhd, whose share has rallied in recent days, saw the emergence of Lim Pei Tiam @ Liam Ahat Kiat as a substantial shareholder.

Business

Improving topline

London Biscuits lifted by rising orders, stronger US dollar

Business

Proxy fight in Lay Hong on unless solution found

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is determined to secure board representation at Lay Hong Bhd, which could pave the way for a proxy fight at the latter, unless an amicable solution is found.

Business

Will QL ever get Lay Hong? What options are there should it fail in takeover bid?

THE Yap family rejecting the buyout offer from QL Resources Bhd for Lay Hong Bhd only confirms suspicions that the attempted buyout is far from a done deal.