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Business 01 Jan 2003 | 12:00 AM

IJM plans to list plantation unit

IJM Corp Bhd expects to list its wholly-owned subsidiary IJM Plantations Bhd (IJMP) in three months, the timeframe usually taken by the courts to grant approval for a capital reduction exercise.

Business 01 Jan 2003 | 12:00 AM

BT agrees to offload HK mobile operator stake

British telecoms giant BT Group has agreed to sell its stake in Hong Kong's third largest mobile operator SmarTone for about a third of what it paid for it in 1999 as it continues to dispose of investments to cut a pile of debt.

Business 02 Jan 2003 | 12:00 AM

RHB restructures borrowings

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.

Business 03 Jan 2003 | 12:00 AM

Citibank buys 5% of Pudong Bank

Citibank, a unit of US financial titan Citigroup Inc, will pay about 600 million yuan (US$72mil) for a 5% stake in Shanghai Pudong Development Bank in its first strategic partnership in the potentially huge China market.

Business 04 Jan 2003 | 12:00 AM

Titan committed to growth in Malaysia

TITAN Petrochemical Polymers Bhd is fully committed to the development of the Malaysian petrochemical industry.

Business 04 Jan 2003 | 12:00 AM

Park May to sell Rangkaian stake

BUS operator Park May Bhd, in an effort to reduce its debts, plans to dispose of its 20% stake in Rangkaian Segar Sdn Bhd, the operator of the Touch #8216;n Go electronic payment system.

Business 04 Jan 2003 | 12:00 AM

Honda plant sets target

HONDA Malaysia Sdn Bhd#8217;s newly operational manufacturing plant in Malacca has targeted a first-year turnover of RM700mil based on the production of some 12,000 vehicles, according to president and chief operating officer Datuk Abdul Rashid Rahim.

Business 04 Jan 2003 | 12:00 AM

Market to trade within tight band

Trading for the weeks ahead in the local bourse is expected to continue to remain subdued until February as all eyes remain on the developments in the US-Iraq conflict.

Business 04 Jan 2003 | 12:00 AM

KFCH to sell all non-core assets

KFC Holdings (M) Bhd (KFCH) will be selling its non-core, non-related assets including Wisma KFC,as part of its efforts to streamline operations to remain focused, said managing director Johari Abdul Ghani.

Business 04 Jan 2003 | 12:00 AM

Kumpulan Fima has much to do

KUMPULAN Fima Bhd may have set itself free from the clutches of the distressed companies category on the Kuala Lumpur Stock Exchange, but clearly, it has a lot more to do before investors begin to look at is as an investment opportunity.