Aramco agrees US$12.4bil deal to sell stake in pipelines

DUBAI: Saudi oil producer Aramco has agreed a $12.4 billion deal to sell a 49% stake in its pipelines to a consortium led by U.S.-based EIG Global Energy Partners.

MPHB Capital unit still in talks to sell stake in MPI Generali

KUALA LUMPUR: MPHB Capital Bhd is unaware of the reasons which caused the sharp rise in price and volume of the company’s shares on Thursday.

Mitsui to sell stake in Mozambique coal mine to Vale

TOKYO: Brazil’s Vale is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it works to become carbon neutral by 2050

Shell looking to sell stake in Philippines' Malampaya gas project

MANILA, Sept 27 (Reuters): Royal Dutch Shell PLC is looking to sell its 45% stake in the Malampaya gas-to-power project in the Philippines, a key power source for the country's main island of Luzon, its local unit has announced.

THP to sell 70% stake in THP-YT for RM7mil

First the protest then came the virus

FOR years, the Malaysian government has been trying to dispose of the Malaysian consulate office in Hong Kong, which it had bought 40 years ago in 1980 for HK$212mil.

FGV in no hurry to sell stake in MSM

KUALA LUMPUR: FGV Holdings Bhd is not rushing to sell its 51% stake in refined sugar producer MSM Malaysia Holdings Bhd, which has partially widened its net losses in the second quarter ended June 30

Mumbai airport investor allowed to sell stake

NEW DELHI: South Africa’s Bidvest Group Ltd won court approval to sell its holding in Mumbai International Airport to a third party, dealing a blow to majority holder GVK Power & Infrastructure Ltd’s bid to increase its ownership.

SDP units sell stake in PT MAS

PETALING JAYA: Sime Darby Plantation Bhd’s (SDP) indirect wholly owned subsidiaries in Indonesia – PT Ladangrumpun Suburabadi and PT Teguh Sempurna – disposed of their respective 99.9993% and 0.0007% equity interest in PT Mitra Austral Sejahtera (PT MAS) to PT Inti Nusa Sejahtera for US$29.7mil.

HNA to sell stake in HK firm

HONG KONG: China’s HNA Group is selling a controlling stake in its Hong Kong-listed construction firm to Blackstone Group for HK$7.02bil (US$894.3mil), according to a regulatory filing, the latest asset disposal by the embattled Chinese conglomerate.