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KLANG: KUB Malaysia Bhd’s plan to dispose its fast food chain business, A and W Malaysia Sdn Bhd will be completed by month-end, and the diversified group is also likely to sell the 0.42 hectare plot of land of its iconic A&W outlet in Petaling Jaya.
KUALA LUMPUR: Khazanah Nasional Bhd has appointed Datuk Shahril Ridza Ridzuan as managing director succeeding Tan Sri Azman Mokhtar.
KUALA LUMPUR: UEM Sunrise Bhd is maintaining its RM1.2 billion sales target at RM1.2 billion for the financial year ending Dec 31, 2018, partly supported by the improved buying sentiment following the 14th general election (GE14) on May 9.
KUALA LUMPUR: Axiata Group Bhd is considering acquiring a stake in PT Link Net, the Indonesian internet provider backed by CVC Capital Partners, according to people with knowledge of the matter.
KUALA LUMPUR: Pasdec Holdings Bhd's minority shareholders have been advised to reject a takeover offer from its major shareholder Datuk Seri Tew Kim Thin as the offer price of 52.5 sen was “not fair” and “not reasonbable”.
KUALA LUMPUR: T7 Global Bhd's unit is partnering Hong Kong's DIV Diving Engineering Company Ltd and Singapore's Conerstore Offshore Pte Lrd to carry out underwater subsea engineering services for Malaysia's oil and gas industry.
KUALA LUMPUR: Bursa Malaysia Securities has warned Versatile Creative Bhd that trading in the company's securities will be suspended from Aug 8 after it failed to submit the annual report (AR) for FY March 2018.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has downgraded MY E.G. Services to Hold as the share price rallied 47% in the past month and increase its target price to RM1.27 as it rolls forward its valuation to 2019. Entry price: RM1.14.
TOKYO: Asian stocks were steady on Friday, with gains from the tech-led rise on Wall Street capped by the latest exchange of trade threats between Beijing and Washington, while safehaven flows lifted the dollar to a two-week high
SINGAPORE: Singapore-based Grab said it has secured US$1bil in fresh funding and will consider raising further cash, as the ride-hailing firm aggressively expands in Indonesia, South-East Asia’s biggest economy.