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Business news in brief.
KUALA LUMPUR: Shares in Lafarge Malaysia Bhd rose 2.3% in early trade Tuesday after minority shareholders voted down a plan to enter into recurrent related party transactions (RPT) worth about RM3.5bil with YTL Cement Bhd.
PETALING JAYA: Cement maker Lafarge Malaysia Bhd, whose net loss widened by over RM104mil last year, is expected to return to profitability in the financial year of 2021 (FY21), according to AllianceDBS Research
PETALING JAYA: Cement prices are expected to go up by the end of the year, following early signs of recovery that have come about as a result of the acquisition of Lafarge Malaysia Bhd by YTL Cement Bhd.
TAN Sri Tunku Imran Tuanku Ja’afar has been installed as the fourth chancellor of Wawasan Open University (WOU).
PETALING JAYA: There are bright spots emerging that may turn the tide in the country’s merger and acquisition (M&A) space this year after a slower hive of M&A activities last year.
WITH the market going into a corrective mode following rising uncertainties due to the US-China trade war, flight to safety has indeed been the theme since the beginning of the month as we saw global bond yields falling to levels depicting crisis like environment as central banks race to the bottom in cutting rates.
PETALING JAYA: The move by the Singapore Exchange (SGX) to allow independent shareholders, including minority ones, a better exit value is worth considering in the context of Malaysian delisting rules, according to the Minority Shareholders Watch Group (MSWG).
KUALA LUMPUR: Bursa Malaysia ended down on Tuesday as investors fretted over slower growth in China and the corporate earnings in the US to gauge the health of the world’s biggest economy.