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Property 22 Jan 2016 | 12:00 AM

GDEX places out 10% of its shares to Yamato

PETALING JAYA: GD Express Carrier Bhd (GDEX), a courier company, is placing out 10% of its shares to Japan-based Yamato Holdings in a deal worth RM217.3mil.

Business 22 Jan 2016 | 12:00 AM

Sharp to favour INCJ’s rescue plan over Foxconn offer

TOKYO: Sharp Corp is leaning toward accepting a rescue by government-backed Innovation Network Corp. of Japan over a potentially larger offer from Taiwan’s Foxconn Technology Group, according to two people familiar with the talks.

Business 22 Jan 2016 | 12:00 AM

KKR fashion brands to attract bids from Lion Capital, Ruyi

HONG KONG: SMCP, the KKR & Co-backed owner of French fashion brands Sandro, Maje and Claudie Pierlot, has attracted bids from Lion Capital and Chinese textile producer Shandong Ruyi Group, people with knowledge of the matter said.

Corporate News 21 Jan 2016 | 8:12 PM

Bursa highlights for Thursday, Jan 21

Companies that made notable announcements to Bursa Malaysia on Thursday included EASTERN & ORIENTAL, GD EXPRESS, KIAN JOO CAN FACTORY, MALAYAN BANKING and NEXGRAM.

Corporate News 21 Jan 2016 | 10:52 AM

Japan’s parcel delivery giant becomes GDEX’s substantial shareholder

KUALA LUMPUR: Tokyo-listed courier and logistics company Yamato Holdings Co Ltd, through unit Yamato Asia Pte Ltd, has emerged as a substantial shareholder of local parcel delivery firm GD Express Carrier Bhd (GDEX) by taking up a 10% stake for RM217.31mil.

Corporate News 21 Jan 2016 | 9:59 AM

KLCI closes at key 1,600 as Public Bank, Tenaga fall

KUALA LUMPUR: Malaysia’s blue chips came under selling pressure in afternoon trade on Thursday and pushed the FBM KLCI towards the crucial 1,600 level as Public Bank and Tenaga Nasional fell.

Business 21 Jan 2016 | 7:49 AM

Top foreign and local stories at 3.45pm

Top foreign and local stories at 3.45pm

Economy 21 Jan 2016 | 6:47 AM

BoJ's Kuroda says no plan to adopt negative rates now

TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda said he is not thinking of adopting a negative interest rate policy now, signalling that any further monetary easing will likely take the form of an expansion of its current massive asset-buying programme.

Corporate News 21 Jan 2016 | 6:08 AM

Taiwan's Hon Hai offers US$5.3b for Sharp

TOKYO: Taiwan's Hon Hai Precision Industry Co has offered 625 billion yen (US$5.3 billion) to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported.

Business 21 Jan 2016 | 1:32 AM

Breakfast briefing: Thursday, January 21

Breakfast briefing: Thursday, January 21