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Business 04 May 2016 | 12:00 AM

ANZ writes down AMMB stake

PETALING JAYA: Australia and New Zealand Banking Group Ltd (ANZ) has provided A$260mil (RM773.07mil) as impairment losses on its stake in AMMB Holdings Bhd in its latest result, sending yet another clear signal of its intention to dispose of the stake.

Business 13 Mar 2014 | 1:45 PM

Clement Hii sells entire SYF stake (Update)

KUALA LUMPUR: Businessman Tan Sri Clement Hii Chii Kok has disposed of his entire 20.67% stake in furniture maker SYF Resources Bhd at 60 sen each to SYF executive chairman and CEO Ng Ah Chai.

Business 05 Jul 2017 | 12:00 AM

Stake disposal to beef up Yinson’s cash position

PETALING JAYA: Oil and gas (O&G) services provider Yinson Holdings Bhd’s move to dispose of the 26% stake in a Ghana-based floating production, storage and offloading (FPSO) unit will strengthen the company’s cash position that can be used for expansion, analysts said.

Business 19 Nov 2012 | 12:00 AM

HSBC in talks to sell $9.3 billion China Ping An stake

HONG KONG: HSBC said it was in talks to sell its $9.3 billion stake in China's Ping An Insurance, stepping up a programme by Europe's biggest bank to shed non-core parts of its business to boost profitability.

Corporate News 15 Aug 2018 | 12:00 AM

Abu Dhabi's Mubadala sells 3% stake in RHB Bank

PETALING JAYA: Abu Dhabi sovereign wealth fund Mubadala Investment Co has sold off an estimated 3% of its stake in RHB Bank Bhd, following through on its plans to sell its non-core assets to both global and local investors. About 120 million shares are to be sold via a book-building exercise

Business 20 Dec 2017 | 12:00 AM

France wobbles on plan to sell majority stake in airports

PARIS: France is wavering on a plan to sell part of a US$9bil stake in Paris’ two main airports to avoid hurting Air France-KLM, the airline in which the government also has a significant investment, according to an official with knowledge of the matter.

Business 07 Sep 2016 | 12:00 AM

Neutral view on Axiata’s plan to raise stake in M1

PETALING JAYA: Analysts are neutral on Axiata Group Bhd’s consideration to increase its equity stake in M1 Ltd.

Property 29 Aug 2013 | 12:00 AM

PwC fund eyes stake in skyscraper

LONDON: A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe’s biggest property deals this year, a source close to the negotiations said.

Business 04 Jun 2019 | 3:24 AM

Hopu-led group in advanced talks for US$7b Gree stake

HONG KONG: A consortium led by buyout firm Hopu Investment Management is in advanced talks to buy a minority stake in Chinese air conditioner maker Gree Electric Appliances Inc. from its government-owned parent, according to people familiar with the matter.

Corporate News 17 Feb 2019 | 10:44 PM

US hedge fund Tiger Global sells entire US$1bil stake in Barclays

LONDON: U.S. hedge fund Tiger Global Management has sold its entire stake in Britain's Barclays Plc, the Financial Times reported on Sunday.