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Business 03 Oct 2007 | 12:00 AM

CIMB eyes stake in Thailand's ACL Bank

CIMB Group intends to buy more than 20% of Thailand's ACL Bank as part of its growth strategy in the South-East Asia region, chief executive officer Nazir Razak says.

Business 03 Oct 2007 | 12:00 AM

Bangkok Bank eyes quick sale of ACL stake

Bangkok Bank pcl hopes to seal the sale of its 19.3% stake in ACL Bank this year to either China's ICBC or Malaysia's CIMB, who both offered similar bids and covet a much larger share of the Thai lender.

Business 30 Sep 2009 | 12:00 AM

Chinese lender ICBC set to buy Thailand's ACL Bank

SHANGHAI: The Industrial and Commercial Bank of China says it plans to buy a stake in Thailand's ACL Bank, and to make a tender offer to other shareholders.

Business 04 Oct 2007 | 12:00 AM

CIMB seeks over 20% stake in Thailand’s ACL Bank

CIMB Group intends to buy more than 20% of Thailand's ACL Bank as part of its growth strategy in South-East Asia, chief executive officer Datuk Nazir Razak said.

Business 02 Jun 2009 | 12:00 AM

ACL PRG to sell 55mil Parkson shares

HONG KONG: A large shareholder in Parkson Retail Group Ltd, which runs a network of department stores in China, was selling about HK$85mil worth of shares in the company at a discount of 2% to 5% to its closing price yesterday, according to a term sheet.

Business 01 Oct 2009 | 12:00 AM

ICBC to take up stake in Thailand’s ICL Bank

HONG KONG: Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, plans to buy Thailand's ACL Bank for about US$545mil, helping it expand its footprint in South-East Asia.

Business 14 Sep 2007 | 12:00 AM

CIMB shortlisted for Thai bank

CIMB Investment Bank Bhd and Industrial and Commercial Bank of China Ltd (ICBC) have been shortlisted to buy a 20% stake in Thailand's ACL Bank.

Business 10 Feb 2012 | 12:00 AM

Jetson taps China car parts market with purchase of Asian Corp

KUALA LUMPUR: Kumpulan Jetson Bhd is making its foray into the Chinese market with the development of an integrated car parts industry park with a gross development cost of RM174.4mil following its acquisition of China-based Asian Corp Ltd (ACL) for RM11mil,

Business 02 Jun 2009 | 12:00 AM

Tribunal orders MAS to pay

KUALA LUMPUR: Malaysia Airlines (MAS) said yesterday a European arbitration tribunal has ordered it to pay Advanced Cargo Logistic GmbH (ACL) 6.9 million euros for breach of a cargo handling contract.

Business 18 Oct 2007 | 12:00 AM

CIMB fails in bid for stake in Thai bank

CIMB Group has failed to acquire a 19.3% stake in ACL Bank, Thailand's smallest lender, from Bangkok Bank Public Co Ltd.