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Sin Heng Chan given 2 months to pick auditors
THE Securities Commission (SC) has given financially-troubled Sin Heng Chan (Malaya) Bhd two months to appoint investigative auditors to conduct an independent assessment of the company#8217;s previous losses.
Unit trust sector positive on growth
EVEN though 2003 will be a challenging year for the unit trust industry in view of the global economic slowdown and depressed investment environment, many unit trust management companies are still optimistic that the industry will continue to grow this year.
Prudential plans 2 unit trust funds
PRUDENTIAL Unit Trusts Bhd plans to launch two new funds of about RM500mil in size this year, said chief executive officer Mark Toh Chin Hian.
Boustead sees full tenancy at new mall by year-end
BOUSTEAD Holdings Bhd expects shops at its flagship retail project, I>The Curve/I>, in Mutiara Damansara to be fully taken up by the end of this year, in good time for its grand opening in mid 2004, according to chairman Gen (R) Tan Sri Mohd Ghazali Che Mat.
Trading play on cheap warrants
THE slick investor is unlikely to gravitate towards warrants of Tenggara Oil Bhd. On its valuations, the warrants are not particularly attractive.
In pursuit of transparency
THIS is a tale of two press releases. The first came out on Dec 12 and it was from the Securities Commission (SC). The other was issued a month later by Raytheon Company, a defence and aerospace systems supplier listed on the New York Stock Exchange.
Long Huat rapped for rules breach
The KLSE, in consultation with the Securities Commission (SC), has reprimanded Long Huat Group Bhd for breach of paragraphs 6.1 of Practice Note No 4/2001 (PN4) and 8.14 (3)(d) of the KLSE#039;s Listing Requirements.
Marrybrown Asia outlets growing
MALAYSIA#146;S leading local fast-food firm Marrybrown Fried Chicken Sdn Bhd, which will be opening its first Marrybrown Family Restaurant in Colombo, Sri Lanka, in April, plans to open outlets in four other countries in two years.
Celcom to appoint committee to address merger issues
CELCOM (Malaysia) Bhd will appoint a committee within 10 days to resolve outstanding issues raised by DeTeAsia Holding GmbH over the planned mer- ger between Celcom and the cellular arm of Telekom Malaysia Bhd, says Celcom chairman Datuk Dr Munir Majid.