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PETALING JAYA: The move by Affin Holdings Bhd to up its stake in its associate AXA Affin General Insurance Bhd (AAGI) still needs more clarity as the recent announcement by the financial services group did not spell out the reason for buying the additional stake, the pricing and the shareholding the group intend to take up in AAGI, according to analysts.
KUALA LUMPUR: Taliworks Corp Bhd, realigning its strategy to focus on mature operational cash-generating utilities and infrastructure businesses, is selling its entire China investments - including concessions to operate five wastewater treatment plants and a waste transfer facility - for US$54.6mil (RM230.4mil).
BEIJING: Strong earnings lifted mainland stocks on Tuesday, allowing China's main index to break its four-day losing streak after insurance giant Ping An posted strong Q1 profit.
THE consolidated financial position of the 13 state governments is expected to register a deficit of RM448mil in 2014 compared with a surplus of RM3.2bil in 2013 due to higher development.