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Business

TNB unit to enter new South-East Asian markets

BANGKOK: Tenaga Nasional Bhd’s unit, Tenaga Cable Industries Sdn Bhd (TCI) has inked a memorandum of understanding (MoU) with Thai-based GOV Supply Limited to explore business opportunities in Thailand and Indochinese countries.

Business

107 million Yong Tai shares traded off-market

KUALA LUMPUR: Property company Yong Tai Bhd saw 24.5% stake traded off-market at a steep discount to the current market price.

Business

Ho Hup Q1 net profit drops to RM12.4mil

PETALING JAYA: Ho Hup Construction Company Bhd’s net profit for the first quarter ended March 31 fell 35% to RM12.4mil as compared with the similar corresponding quarter last year.

Business

Broadcom and KKR group lead bids on Toshiba unit

TOKYO: Broadcom Ltd and a group led by KKR & Co are emerging as the two leading bidders for Toshiba Corp’s semiconductor unit as of Friday’s deadline for second-round offers, according to people familiar with the matter.

Business

MoUs are just MoUs

MEMORANDA of understanding (MOUs) – non-binding agreements – have not lost their charm and are making a comeback to the corporate world.

Business

Investors eyeing HK told to look at firms with asset disposal plans

INVESTORS eyeing Hong Kong property stocks should look at companies with asset disposal plans, according to CIMB Research.

Business

Nexgram finds a partner for RM1.15bil Cyberjaya project

KUALA LUMPUR: Nexgram Holdings Bhd has brought in a partner, ChinaAsian Capital Holding Ltd, to undertake the RM1.15bil Angkasa Icon City development project in Cyberjaya.

Business

Tenaga Cable eyes opportunities in Thailand, Indochina

BANGKOK: Tenaga Nasional Bhd’s unit Tenaga Cable Industries Sdn Bhd (TCI) has inked a memorandum of understanding (MoU) with Thailand-based GOV Supply Ltd to explore business opportunities in Thailand and Indochinese countries.

Business

Modenas to restore Gurun plant’s full production capacity

SHAH ALAM: DRB-Hicom’s unit, Motosikal Dan Enjin Nasional Sdn Bhd (Modenas), plans to reinstate its full 120,000-units motorcycle annual production capacity at its Gurun plant to meet increasing demands within the next three years.

Business

Yong Tai sees 24.5% stake traded off-market

KUALA LUMPUR: Property company Yong Tai Bhd saw 24.5% stake traded off-market at a steep discount to the current market price on Friday.