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LAST week, an unexpected event unfolded following Cycle & Carriage Bintang’s (CCB) failure to obtain the necessary approval from uninterested shareholders for its proposed selective capital repayment (SCR) exercise.
FOR the first time in five years, the 40 wealthiest Malaysians saw their wealth decline. The total wealth of the top-40 Malaysians based on their shareholdings in listed companies dropped by RM22.4bil to RM268.1bil as of end-2018.
KUALA LUMPUR: JF Apex Research expects Boustead Holdings Bhd, Eversendai Corp Bhd, Texchem Resources Bhd, Asdion Bhd and Selangor Properties Bhd to be among the stocks to watch on Monday following their latest corporate news.
PETALING JAYA: The revised takeover price of RM6.30 per share offered by Selangor Properties Bhd’s controlling shareholder is considered attractive, although it remains below the company’s book value per share, according to analysts.
KUALA LUMPUR: Selangor Properties Bhd's minority shareholders will receive RM6.30 a share after Kayin Holdings Sdn Bhd revised the offer from the earlier RM6 under its takeover exercise.
KUALA LUMPUR: Selling pressure picked up pace in late Monday trade, with Public Bank and Tenaga Nasional, bearing the brunt as the FBM KLCI fell below the important 1,650 level.
KUALA LUMPUR: Kayin Holdings Sdn Bhd, the major shareholder of Selangor Properties Bhd, has increased the takeover offer price from RM5.70 to RM6 per share.