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Sime homes in on property
SIME Darby has entered into a conditional agreement with CapitaMalls Asia Ltd to form a 50:50 joint venture (JV) to develop a shopping mall in Taman Melawati, Klang Valley.
I-Bhd to reap i-City reward
I-Bhd, the master developer of i-City, is now ready to reap the fruits of its labour as most of the major infrastructure works at i-City in Shah Alam have been completed.
MPHB to focus on gaming stock
KUALA LUMPUR: Multi-Purpose Holdings Bhd (MPHB) has proposed to demerge its businesses, which will see its gaming business listed under MPHB and its financial services and other investments listed as a separate entity via a special-purpose vehicle (SPV Capital).
Berjaya Sports Toto plans to divest cash generating unit for RM6bil
KUALA LUMPUR: Berjaya Sports Toto Bhd (BST) is proposing to spin off its cash generating subsidiary, Sports Toto Malaysia Sdn Bhd (STM), into a business trust or STM-Trust to be constituted in Singapore and have it listed on the Singapore Stock Exchange (SGX).
Malaysia's IHH in talks with ADIA, Kuwait for investing in IPO
SINGAPORE/KUALA LUMPUR: Malaysia state-backed Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is in talks with sovereign wealth funds in Abu Dhabi and Kuwait to rope them in as cornerstone investors for its US$2bil dual listing in Kuala Lumpur and Singapore, sources said on Wednesday.
IHH, Kuwait fund in talks on IPOs
SINGAPORE: Integrated Healthcare Holdings (IHH), which operates hospitals in Asia, is trying to rope in Kuwait’s sovereign wealth fund as a cornerstone investor in its US$2bil (RM6.35bil) dual listing in Kuala Lumpur and Singapore, sources said.
BToto’s deal not likely to endear
P Gunasegaram wonders why Berjaya Sports Toto has put its gaming business intoa trust to be listed in Singapore when there seems to be no clear positive outcome.
BToto’s deal not likely to endear
P Gunasegaram wonders why Berjaya Sports Toto has put its gaming business intoa trust to be listed in Singapore when there seems to be no clear positive outcome.
Sime banks on Weifang Port
QINGDAO, SHANDONG: Sime Darby Bhd’s energy and utilities division (E&U) business in China is banking on the Weifang Port to be the key driver of growth going forward for its investments in the country as the port is strategically located in the rapidly developing Bohai Rim area.
Slim strengthens hand in Europe, has 21% of KPN
MEXICO CITY: Mexican billionaire Carlos Slim extended his power in Europe on Thursday, taking control of more than a fifth of Dutch telecoms group KPN in the teeth of opposition from the company.
