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KUALA LUMPUR: Singapore’s sovereign wealth fund GIC (Ventures) Pte Ltd is investing RM750mil for a 16% stake in Sunway Group’s healthcare business which will enable the latter to accelerate the expansion of its medical facilities including building new hospitals.
KUALA LUMPUR: Kejuruteraan Asastera Bhd's subsidiary KAB Energy Power Sdn Bhd has teamed up with Janakuasa Pte Ltd to explore Vietnam's renewable energy market.
KUALA LUMPUR: Lagenda Properties Bhd and its subsidiairy has entered into a conditional sales and purchase agreement with SST Development Sdn Bhd for the purchase of a 2.03mil sq ft parcel of leasehold land in Mukim Penor, Kuantan for RM33mil.
AMSTERDAM: Spectacles maker EssilorLuxottica on said it was considering canceling its proposed €7.2bil (US$8.6bil or RM35.67bil) takeover of Dutch eyewear store operator Grandvision, after a Dutch court said EssilorLuxottica was no longer obliged to go through with the deal.
PETALING JAYA: One of the biggest mergers in South-East Asia’s telecoms industry is in the works between Celcom Axiata Bhd and Digi.com Bhd. But will it really help spur more competition for better customer experience or stifle it since the enlarged entity will control nearly 50% of the mobile subscriber market share.
PETALING JAYA: MAA Group Bhd (MAAG) has proposed to acquire a 57.78% stake, representing 132.15 million shares, in Turiya Bhd for a cash consideration of RM23.8mil, or 18 sen per share.
KUALA LUMPUR: MPHB Capital Bhd’s wholly owned subsidiary Multi-Purpose Capital Holdings Bhd has submitted an application to Bank Negara Malaysia (BNM) to seek approval for a proposed disposal of 51 per cent stake in MPI Generali Insurans Bhd to Generali Asia N.V.
NEW YORK: In a move to kickstart the energy transition globally, the Ikea Foundation and the Rockefeller Foundation have announced that they will each donate US$500mil (RM2.08bil) to support distributed renewable generation projects in developing nations.