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Business

Moody's: Petronas has headroom for more acquisitions

PETALING JAYA: Petroliam Nasional Bhd (Petronas) still has comfortable headroom for further acquisitions although there is pressure from large capital-spending programmes on the standalone credit quality of many Asian investment-grade oil and gas companies, according to Moody’s Investors Service.

Business

Karex plans more acquisitions this year

PETALING JAYA: Condom maker Karex Bhd is planning for more acquisitions this year and is venturing into the online business via its newly acquired TheyFit LLC, a custom fit condom manufacturer.

Business

Emir completed seven acquisitions costing more than RM4bil

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) chief executive officer Datuk Mohd Emir Mavani Abdullah is perhaps best known for the series of acquisitions undertaken by the company.

Business

Two Thai tycoons spend US$27bil on acquisitions in one year, what lies ahead?

SINGAPORE/BANGKOK: Two Thai business tycoons, one a politically connected Chinese speaker, the other the son of a street vendor, have spent $27 billion on acquisitions in the past year, mainly abroad - more than all Thai firms spent overseas in the previous three years.

Business

Malaysia’s oil and gas acquisitions are expected to total RM15bil this year

PETALING JAYA: Malaysia's oil and gas (O&G) acquisitions are expected to total between RM10bil and RM15bil this year, as players look to acquire expertise and reserves out of their horizon to ride sectoral growth.

TECH

Japanese online gaming firm Nexon's incoming CEO eyes US acquisitions

Japanese online gaming firm Nexon Co Ltd will begin to aggressively explore US acquisitions to further a long-standing plan to expand in Western markets, its CEO-elect Owen Mahoney said.

Business

Axis REIT to complete RM350m acquisitions this year

KUALA LUMPUR: Axis REIT is looking to sell one of its older assets as well as wrap up at least RM350mil in acquisitions this year.

Business

Singapore's Blumont says police probing acquisitions

SINGAPORE: Singapore-listed diversified firm Blumont Group Ltd said the police were probing its acquisitions as part of an investigation into the company following a penny-stock crash last year.

Business

Alkhair Islamic Bank eyes acquisitions in S-E Asia

KUALA LUMPUR: Alkhair International Islamic Bank Bhd, which had previously eyed a stake in Bank Islam Bhd, is looking at potential acquisitions in South-East Asia to expand its banking footprint in the region.

Business

Sasbadi eyes more acquisitions

PETALING JAYA: School textbook publisher Sasbadi Holdings Bhd is seeking more mergers and acquisitions (M&A) to tap into new education-related segments