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SAPURA Telecommunications Bhd is strengthening its presence in the oil and gas sector with the purchase of a controlling 38.56% stake in Crest Petroleum Bhd from Renong Bhd for RM105mil cash, or RM3.60 a share.
EVER SINCE RHB Sakura Merchant Bankers Bhd was de-listed from the local stock exchange late last year and taken private, the bank has witnessed a host of management changes. It is a fresh new chapter for the merchant bank but one without two key people #150; former managing director George Ratilal and former owner Tan Sri Abdul Rashid Hussain.
CIMB Group is expanding its reach in the Islamic financial market with a goal to becoming a predominant player given its strong market position and track record in the conventional market.