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KUALA LUMPUR: Loss-making property developer Tanco Holdings Bhd has proposed a share par value reduction and the issuance of redeemable convertible commercial papers and/or notes with an aggregate principal amount of up to RM100mil in order to raise funds.
KUALA LUMPUR: Sime Darby Property and KYS Education Group have teamed up to set up an international school on a six acres site at the KL East integrated development near Gombak.
NEW YORK: Argentina has agreed to a US$4.65bil cash payment to its main holdout creditors and will present the deal to Congress this week for a vote which would end 14 years of bitter legal battles and pave the way for its return to global credit markets.
KUALA LUMPUR : MISC Bhd has provided more details on its plan to acquire the remaining 50% stake in the Gumusut-Kakap semi-floating production system from Petronas Carigali Sdn Bhd for US$445mil (RM1.85bil) cash consideration.
KUALA LUMPUR : Ewein Bhd, which is undertaking two property ventures in Penang, foresees further upside in the property market given its land scarcity and various ongoing infrastructure developments in in the state.
Companies that made notable announcements to Bursa Malaysia on Monday included CAHYA MATA SARAWAK, FELDA GLOBAL VENTURES, HOCK SENG LEE, I-BHD, KPJ HEALTHCARE, MAYBULK, MCLEAN TECH, MY EG, OSK HOLDINGS, PUC FOUNDER, SONA PETROLEUM, TAMBUN INDAH LAND and TENAGA NASIONAL.