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Business 19 Jun 2019 | 12:00 AM

Naspers’ biggest investor considers cutting stake

JOHANNESBURG: Naspers Ltd’s biggest shareholder is considering whether to reduce its 245 billion rand (US$16.5bil) stake in Africa’s biggest company because of concern it’s overexposed to a single stock, according to four people with knowledge of the matter.

Business 26 Mar 2019 | 12:00 AM

Naspers to separate Tencent stake, web assets in Dutch listing

JOHANNESBURG: Naspers Ltd plans to carve out its Internet businesses, including a US$133bil stake in China’s Tencent Holdings Ltd that has long exceeded the South African technology investor’s own market value.

Property 19 Oct 2018 | 12:00 AM

Country Heights to pump RM500mil into Mines Car

SERI KEMBANGAN: Country Heights Holdings Bhd (CHHB) will be allocating RM500mil to develop its Mines Car City Centre (MCCC), one of the four new ventures the company is embarking on to diversify its property business.

Short Position 13 Oct 2018 | 12:00 AM

Stock market dips Felcra next? Stake sale must fulfill best practices

THIS week has not been great for stocks. The Dow Jones and S&P 500 have had six consecutive days of straight declines with big plunges on Wednesday and Thursday.

Corporate News 03 Jan 2018 | 6:06 AM

MPay to set up newco in PJBC settlement

KUALA LUMPUR: ManagePay Systems Bhd will set up a newly incorporated company (newco) to undertake a corporate exercise with stakeholders in NVBA Petaling Jaya BC Sdn Bhd (PJBC).

Property 06 Jul 2017 | 12:00 AM

IWC and IWH to extend restructuring deadline to Sept 4

PETALING JAYA: Iskandar Waterfront City Bhd (IWC) and Iskandar Waterfront Holdings Sdn Bhd (IWH) have agreed to extend the date to provide the details of which land will be injected into the soon-to-be listed IWH (Newco) to Sept 4.

Property 05 May 2017 | 12:00 AM

China fund fears creep up in Malaysian market

PETALING JAYA: Fears of companies from China not putting their money in Malaysian government projects, following the surprise cancellation of a deal that would have given a state-owned Chinese firm a stake in the development of the prestigious Bandar Malaysia project, caused sentiment on Bursa Malaysia to go south.

Business 11 Mar 2017 | 12:00 AM

Long-term property play

THE euphoria surrounding the corporate development at Iskandar Waterfront City Bhd (IWC) is evident.