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Corporate News

QL bid to take over Lay Hong puts former friends on opposing ends

IT’S not often that we get a David vs Goliath battle in corporate Malaysia and, more interestingly, when the two companies are friendly parties.

Business

Why QL wants to rule the roost in Lay Hong

WHILE there is much anticipation that Lay Hong’s Yap family, who collectively own a controlling stake of 44.2%, would put up a fight to not exit the company, there is still much to learn about QL Resources Bhd’s interest in Lay Hong.

Business

QL launches takeover of Lay Hong after board rep not re-elected

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd, unhappy after its representative failed to get reappointed to the board of Lay Hong Bhd, has mounted a takeover of the rest of the shares it does not own in the latter.

Business

London Biscuits's fund-raising proposal

PETALING JAYA: London Biscuits Bhd has proposed a private placement of 16.35 million shares or 10% of its paid-up, at an indicative price of RM1 a share.

Corporate News

London Biscuits to raise RM16.35m from share placement

KUALA LUMPUR: London Biscuits Bhd has proposed to place out 16.35 million shares or 10% of its paid-up at an indicative price of RM1 a share.

Corporate News

Lay Hong aims to grow business organically

SOMETHING’S brewing at poultry player Lay Hong Bhd. Its share price has shot up by some 66% since March this year.

Business

Serdang-based company hopes to focus on pushing up profit margins but has to deal with huge debt first

KHEE San Bhd, a subsidiary of London Biscuits Bhd (LBB), is at the end of its heavy capex investment cycle but could it be that its struggle is only just beginning?

Business

Support Line

BERJAYA Sports Toto fell to a nine-month low of RM3.82 last Friday before staging a small rebound in the wake of light bargain-hunting interest. Technically, prices are likely to extend recovery due to very oversold condition, but the upside potential may be capped at the RM4.10 barrier. A slip below the RM3.80 floor will drag prices down to the RM3.65 level.

Business

LBB reaps benefits from technology

JOHOR BARU: London Biscuits Bhd’s (LBB) heavy investment in new manufacturing technology is paying off.

Business

AMMB Holdings sets new record of RM8.02 amid follow-through buying momentum

AMMB Holdings set a new record of RM8.02 amid follow-through buying momentum. For now, all the short-term indicators remain positive, implying prices may sustain the upward thrust deeper into unknown territory on bullish extended-mode. Initial support is pegged at the 14-day simple moving average of RM7.78.