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Corporate News 29 Dec 2016 | 5:09 AM

KLCI regains buying support, PetChem and Tenaga boost

KUALA LUMPUR: Petronas Chemicals and Tenaga Nasional underpinned the FBM KLCI's recovery at midday at Thursday, extending its gains from the previous day though the broader market was mixed and crude oil prices slipped.

Corporate News 29 Dec 2016 | 5:55 AM

PublicInvest Research fair value for HLT Global at 50 sen

KUALA LUMPUR: HLT Global Bhd (HLT Global), which is en route to its listing on the ACE Market of Bursa Malaysia on Jan 10 next year, is expected to deliver a potential upside of 11.1% from its offer price of 45 sen per share. 

Business 29 Dec 2016 | 7:51 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 29 Dec 2016 | 9:54 AM

Sime Darby’s China dredging subsidiary deregistered

KUALA LUMPUR: Sime Darby Bhd, which owns and operates Weifang Port in Shandong Province, announced that its indirect subsidiary Weifang Binhai Haiwei Dredging Project Co Ltd (WBHDP) has ceased operations.

Markets 29 Dec 2016 | 10:12 AM

Tenaga adds the sizzle to the KLCI

KUALA LUMPUR: Fund buying of Tenaga Nasional, Petronas Chemicals and Hong Leong Bank powered the FBM KLCI up more than seven points at the close of trade on Thursday despite the weaker ringgit.

Corporate News 29 Dec 2016 | 10:21 AM

Country Heights appeals against order to pay RM22.5mil tax arrears

KUALA LUMPUR: Country Heights Holdings Bhd's (CHHB) unit Country Heights Sdn Bhd, which was ordered by the Shah Alam High Court to pay the Government tax arrears amounting to RM22.49mil, is appealing to the Finance Minister against the decision.

Corporate News 29 Dec 2016 | 12:57 PM

Revised offer for The Store Corp deemed not fair but reasonable - adviser

KUALA LUMPUR: The Tang family’s mandatory takeover offer to buy The Store Corp Bhd (TSCB) shares at RM3.70 each is not fair but it is reasonable, said Mercury Securities Sdn Bhd, the independent adviser appointed by the board to guide the shareholders.

Corporate News 29 Dec 2016 | 1:30 PM

Auditor unable to verify some items in SMTrack’s statements

PETALING JAYA: Track and trace solutions provider SMTrack Bhd’s external auditor, KC Chia & Noor, has expressed a qualified opinion on the company’s annual audited financial statements for the financial year ended July 31, 2016 (FY16).

Corporate News 29 Dec 2016 | 2:28 PM

Nexgram posts another quarter of loss

KUALA LUMPUR: Nexgram Holdings Bhd swung to a loss attributable to shareholders of RM2.3mil for the first quarter ended Oct 31, 2016, from a profit of RM3.9mil a year earlier.

Business 30 Dec 2016 | 12:00 AM

Analysts divided over course of pound against euro

LONDON: For analysts trying to plot the course of the pound against the euro in 2017, the key decision is judging which side of the English Channel will see greater political turbulence.