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RASHID Hussain Bhd (RHB) has successfully completed the restructuring of its short-term borrowings totalling RM840mil into facilities with longer term maturities comprising RM280mil revolving credit facilities with tenures of three years, RM200mil bank guaranteed bonds with tenures of 5 years and RM360mil term loan facilities with tenures of seven years.
I>Finance Asia /I>magazine has singled out four Malaysian companies and a global Malaysian bond issue for the best awards in various categories for 2002.
Will it hurt to look at the stock market in 2003? What are the stocks worth putting your money in?
Izwan Idris writes on Jaya Jusco, Teck Guan, Pharmaniaga, HeiTech and RHB Capital.
THE delisting of financially stressed companies under the PN4 sector will affect Pengurusan Danaharta Nasional Bhd#039;s assets in eight of these companies, said chairman Datuk Azman Yahya.
ABDUL Rahman Ahmad and Shahril Ridza Ridzuan, were uneasy when they were thrust into the corporate limelight back in October 2001. They probably still are.
Banks in Malaysia are in for a challenging year. In its recent 2003 market Outlook Strategy report, RHB Research Institute maintains a neutral weighting on the sector and has forecast an anaemic 9 per cent growth in net banking profits for financial year 2003. The research house gives its outlook on the sector.
Datuk Seri Dr Mahathir Mohamad arrived in Beirut Monday with a high-powered delegation of ministers, top government officials and corporate leaders for a two-day working visit, seen as reflecting Malaysia#8217;s further commitment to helping in the reconstruction of Lebanon.
News in brief RHB Capital, Rashid Hussain and Syarikat Pembangunan Harta Guthrie.
RASHID Hussain Bhd (RHB) executive chairman Tan Sri Abdul Rashid Hussain has completed the sale of his entire stake in RHB to Utama Banking Group Bhd (UBG), sources told I>AFX-Asia/I>.