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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.
WITH the oil and gas (O&G) sector being one of the crucial sectors for the Malaysian economy and stock market, the downward spiral of oil prices in the last four months have left many jittery.
KUALA LUMPUR: Sime Darby Bhd has become the first South-East Asian company to make it to the list of the Global Aon Hewitt Top Companies for Leaders (TCFL).
Puncak Niaga Holdings Bhd has formalised a sale and purchase agreement (SPA) for the divestment of its two water concessions for the cash offer of RM1.6bil by the Selangor government. “The group has set aside RM534mil from the total proceeds to be distributed to shareholders as special dividends,” CIMB Research said.
MOSCOW: When Olga Savelyeva took out a $226,000 mortgage to buy a small apartment on the outskirts of Moscow in 2008, she could never have imagined that the ruble would lose more than half its value in a few short years.
KUALA LUMPUR: Alliance Bank Malaysia Bhd has picked Joel Kornreich as its group chief executive officer, with the appointment taking effect on Jan 1, 2015.