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PETALING JAYA: Britain’s largest retailer Tesco Plc has given the green light to sell its business in Thailand and Malaysia to a combination of Thailand’s CP Group entities for an enterprise value (EV) of US$10.6bil (RM44.63bil or equivalent to £8.2bil).
PHNOM PENH: Thailand’s CP Group will oversee the Cambodian debut of 7-Eleven convenience stores next year under a master franchise agreement with 7-Eleven Inc, the US subsidiary of 7-Eleven Japan Co.
KUALA LUMPUR: RAM Consultancy Services Sdn Bhd (RAMC), a provider of sustainability services and environment, social and governance (ESG) analytics, has assigned a Silver Sustainability Rating to AMMB Holdings Bhd (AmBank Group).
KUALA LUMPUR: The Court of Appeal has dismissed property developer JAKS Island Circle Sdn Bhd’s (JIC) bid to stop two banks from releasing RM50mil in bank guarantees to Star Media Group Bhd.
PETALING JAYA: Scomi Group Bhd has appointed Datuk Adam Primus Varghese Abdullah of Messrs Adamprimus as receiver and manager of the property of Scomi Rail Bhd (SRB), an indirect wholly owned subsidiary of the company, by Malayan Banking Bhd (Maybank).
SYDNEY: Japan's Nippon Paint Holdings Co Ltd has proposed buying Australia's biggest paint maker Dulux Group Ltd for A$3.8 billion (US$2.7 billion), expanding its global footprint though entering Australia just as a housing boom falters.
KUALA LUMPUR: CIMB Equities Research is maintaining its reduce call on AirAsia Group as oil prices continue to move higher and forecast dividends from the Castlelake transaction may be lower than thought.