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Mamee-Double Decker’s entry into beleaguered Khee San Bhd has ignited investor interest in the latter.
REVIEW: The steady flux of rhetoric with regard to the Sino-US trade war is, somewhat surprisingly, yet to wear thin among investors as evidenced by the swift changes in sentiment seen of late.
Mulpha International Bhd has pared down its stake in one of its key assets – Australia’s retirement village operator, Aveo Group Ltd to 15.5% from the 24.4% it held before.
There were two major listings that would likely have different repercussion on the region and Malaysia in the last two weeks.
2020 is set to be the year of virtual banking in Malaysia. This comes as the market awaits the highly anticipated release of Bank Negara’s virtual banking licensing framework, which is slated to be announced sometime this month.
KUALA LUMPUR: The rally in crude palm oil (CPO) prices underpinned the plantations advance and helped lift the FBM KLCI while the broader market perked up in line with the key Asian markets on hopes of a US-China trade deal.
HONG KONG: Damage to Hong Kong’s subway from six months of protests will cost operator MTR Corp Ltd. about HK$1.6 billion (US$204 million), the company said in a filing to the Hong Kong stock exchange on Thursday.
SHANGHAI: Goldman Sachs Group Inc. was among the many Wall Street banks that missed out on underwriting Alibaba Group Holding Ltd.’s Hong Kong share sale. Now, its analysts are showering China’s largest company with compliments.
RIYADH/DUBAI: State-owned oil giant Saudi Aramco's initial public offering (IPO) will be the biggest in history, but will fall short of the towering $2 trillion valuation long sought by Crown Prince Mohammed bin Salman.
HONG KONG: The Australian securities regulator has rapped banks for how they conduct initial public offerings of small mining companies, pointing to possible conflicts of interest and “substandard” compliance controls for promotional material.