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Corporate News 26 Mar 2019 | 12:00 AM

OCBC: B2B DaiGor set to help SMEs contain cost

KUALA LUMPUR: B2B Commerce (M) Sdn Bhd, which partnered OCBC Bank (M) Bhd, has become Malaysia’s first home-grown company to facilitate cross-border business-to-business (B2B) electronic trade settlements for SMEs.

Banking 25 Mar 2019 | 5:03 AM

B2B Commerce, OCBC Bank facilitate cross-border B2B electronic trade settlement platform

KUALA LUMPUR: B2B Commerce (M) Sdn Bhd, which partnered OCBC Bank (M) Bhd, has become Malaysia’s first home-grown company to facilitate cross-border business-to-business (B2B) electronic trade settlements for SMEs.

Business 09 Apr 2013 | 12:00 AM

Alliance Research maintains Buy on Oldtown

Alliance Research is positive on Oldtown’s purchase of a 70% equity stake in its sole coffee distributor in Hong Kong/China, Advanced City Ltd, for HK$67mil (RM27mil) cash.

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 09 Feb 2012 | 12:00 AM

Kumpulan Jetson acquires Asian Corp for RM11mil

KUALA LUMPUR: Property developer and automotive parts manufacturer, Kumpulan Jetson Bhd, has acquired a 100 per cent stake in China-based Asian Corp Ltd (ACL) for RM11 million.

Business 07 Sep 2010 | 12:00 AM

Ex-chairman Tajudin counterclaims RM500mil from MAS

PETALING JAYA: Former Malaysia Airlines (MAS) chairman Tan Sri Tajudin Ramli has served a statement of defence and counterclaim on MAS, seeking among others, damages of RM500mil for defamation.

Business 05 Dec 2009 | 12:00 AM

Chinese companies invested US$56bil overseas in 2008

WHEN IBM sold its personal computer manufacturing business to Lenovo in December 2004 for US$1.25bil, the deal was seen as the most prominent overseas acquisition by a Chinese company back then. The year before, foreign direct investments (FDIs) by Chinese companies amounted to US$2.9bil.

Business 02 Oct 2009 | 12:00 AM

Entry of China’s ICBC bank to boost regional trade

PETALING JAYA: China's largest lender Industrial and Commercial Bank of China's (ICBC) intention to expand its footprint in South-East Asia has created excitement among local economists and analysts, who say the move will bolster trade and cross-border transactions in the region.

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 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.