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Way cleared for Tabcorp’s bid for Tab
B>MELBOURNE: /B>The New South Wales state government has decided to remove a cross-ownership restriction that prevents a gaming company owning both a wagering and a gaming licence.
KL market stages strong rebound
THE local stock market broke out from its consolidation phase of the past month to stage a strong rebound Monday, sending the KLSE Composite Index (CI) 1.45% or 11.28 points up to a two-week high of 790.56.
Two-digit earnings growth on the cards
CORPORATE earnings should show double-digit growth next year going by recently-announced third-quarter results which were generally in line with, if not slightly above, analysts' expectations.
Genting raising US$300mil for overseas investments
GENTING Bhd is issuing US$300mil five-year exchangeable notes to foreign investors to raise funds for the group's future overseas investments and working capital expenditure.
Genting notes issue fully subscribed after book-building
GENTING Bhd's proposed US$250mil five-year exchangeable notes as well as US$50mil additional notes issues have been fully subscribed following the completion of a book-building exercise on Dec 5, the company said in a statement to the KLSE Monday.
Magnum Corp proposes share exchange with unit Magnum 4D
Magnum Corp Bhd has proposed a share exchange with subsidiary Magnum 4D Bhd that would see the gaming businesses of Magnum 4D being consolidated under Magnum Corp and Magnum Corp's properties, together with the 40-storey Menara Multi-Purpose, being placed under a Magnum 4D listed shell.
Magnum wins over most 4D agents with fresh accords
MAGNUM Corp Bhd has won over most of the 4D selling agents of its gaming subsidiary Magnum 4D Bhd who had previously claimed profit commission totalling millions of ringgit were due to them.
Positive market outlook for 2004
Whichever way the KLSE in 2003 will be looked at, it will be remembered as a roller coaster of a ride. From gloom of war and the despair of SARS to the euphoria of a multi-month rally that ended the three-year bear market, investors finally managed to revel in a booming stock market with no stumbling impediments in sight.
