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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.
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.
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.
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.
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.
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.
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.
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.