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PETALING JAYA: Daya Materials Bhd, a Practice Note 17 (PN17)-status company, will get a cash injection of RM4mil from the sale of a stake in its subsidiary Daya Maxflo Sdn Bhd (DMAX).
Mulpha International Bhd has pared down its stake in one of its key assets – Australia’s retirement village operator, Aveo Group Ltd to 15.5% from the 24.4% it held before.
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.
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.
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.
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.
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.