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Corporate News 03 Aug 2018 | 12:00 AM

Sembcorp, YTL to consider pursuing US$1.1bil Hyflux plant

SINGAPORE: Sembcorp Industries Ltd and Keppel Corp are among parties planning to study bids for Hyflux Ltd’s biggest asset, according to people with knowledge of the matter, in a sale that’s key to helping the cash-strapped company get back on its feet.

Technology 28 Feb 2018 | 6:53 AM

This father-son team is rewriting the rules of commodities trading

SINGAPORE: Even in Asia, where business is often a family affair, Singapore-based tech startup SourceSage is unusual.

Corporate News 01 Nov 2017 | 3:06 PM

Cab Cakaran makes progress towards Indonesia dream

KUALA LUMPUR: After almost two years, Cab Cakaran Corp Bhd’s plan to set up an integrated poultry business partnership with Indonesia’s Salim Group has finally progressed beyond the memorandum of understanding (MoU) stage.

Economy 02 Aug 2017 | 4:39 AM

Foreign selloff in Jakarta amid weak spending

JAKARTA: As Indonesians keep their wallets in their pockets, foreigners are pulling money from a stock market dominated by consumer companies.

Advertising & Media 08 Sep 2016 | 12:00 AM

Salim’s firm to buy out China Minzhong Food

JAKARTA: A company controlled by billionaire Anthoni Salim offered to acquire the rest of China Minzhong Food Corp in a deal valuing the Chinese company at S$786mil (US$584mil), helping the Indonesian tycoon exercise greater control over a food empire spanning potato chips, instant noodles and cooking oil.

Corporate News 05 Feb 2016 | 6:54 PM

Bursa highlights for Friday, Feb 5

Companies that made notable announcements to Bursa Malaysia on Friday before the four-day break included DIGI.COM, CAB CAKARAN, FARM'S BEST, MALAYSIAN RESOURCES CORP BHD, MISC, PROLEXUS and YONG TAI.

Business 28 Jan 2016 | 12:00 AM

Billionaire Salim to buy Rio's coal assets for US$224mil

SYDNEY: A company run by Indonesian billionaire Anthoni Salim has agreed to buy Australian coal assets from Rio Tinto Group for US$224mil, expanding in an industry suffering from a global glut and plunging prices.

Business 25 Jan 2016 | 12:00 AM

Salim Group chairman buys 6.7% stake in CAB Cakaran

PETALING JAYA: An entity linked to Indonesia’s Salim Group has emerged as a substantial shareholder of integrated poultry company CAB Cakaran Bhd after it bought 10.06 million shares or a 6.69% stake in the company via an off market transaction on Jan 20.