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KUALA LUMPUR: Sime Darby Bhd's unit is divesting its stakes in three joint ventures operating three river ports in Jining in the Shandong province of China for RM181.6mil as it seeks to exit its non-core assets.
LITTLE known Regal Orion Sdn Bhd, which is developing a big data centre in Labu, Negri Sembilan, is slowly making its presence felt.
IT took Julie’s Biscuits quite a while to get to where it is today – 35 years in fact. It all started with sharing love through its delicious and delightful biscuits since 1985.
One of the popular ways to raise funds for a listed issuer is via private placement of shares. Of course, to do so, the listed issuer would have to first obtain the mandate of its shareholders as required under Section 75 and Section 76 of the Companies Act, 2016.
AFTER gloves, a slew of listed and unlisted companies have jump on the bandwagon to procure and distribute Covid-19 vaccine for Malaysia. The vaccines are largely sourced from pharmaceutical producers based in China and Taiwan.
KUALA LUMPUR: RHB Research is maintaining its Buy call on Sime Darby Property and a target price of 88 sen, which is 52% above its Wednesday’s closing price of 58 sen, with a 3% yield.
PETALING JAYA: Top Glove Corp Bhd does not expect order cancellations from its customers as a result of delays in delivery due to its reduced operations.
PETALING JAYA: AirAsia Group Bhd is considering a rights issue, debt financing and even a private placement to raise more capital until air travel demand picks up.
KUALA LUMPUR: Property developer UEM Sunrise Bhd remained in the red for a third consecutive quarters, but is planning to ramp up new launches amid a pick up in sales.