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Business 25 Jan 2019 | 12:00 AM Premium

Bank of China unveils first perpetual bond amid capital pressure

HONG KONG: Bank of China Ltd is set to offer the first perpetual bonds from a Chinese lender today, a landmark deal that will pave the way for similar fund-raising from financial institutions.

Business 16 Nov 2017 | 12:37 AM Premium

Breakfast briefing: Thursday, November 16 (Update)

Breakfast briefing: Thursday, November 16

Property 05 Jul 2017 | 12:00 AM Premium

RHB Research maintains ‘buy’ call on Mah Sing

PETALING JAYA: Mah Sing Group Bhd’s move to acquire two new plots of land and terminate two previous land deals will enable the developer to stay focused on the affordable housing segment as well as the Klang Valley property market.

Business 19 Jun 2017 | 12:00 AM Premium

Power play for Bina Puri

PETALING JAYA: Construction and property firm Bina Puri Holdings Bhd will be listing its Indonesian power business PT Megapower Makmur Tbk on the Indonesia Stock Exchange on July 5 after a delay of almost a year

Business 05 Oct 2016 | 12:00 AM Premium

Samsung BioLogics IPO may raise US$2bil

SEOUL: Samsung BioLogics Co Ltd, a contract manufacturer of biotech drugs for global pharmaceutical firms, said its initial public offering is expected to raise as much as US$2bil in what is set to be South Korea's third-largest IPO.

Corporate News 04 Oct 2016 | 7:20 AM Premium

Samsung BioLogics IPO may raise US$2b in S. Korea's third biggest listing

SEOUL: Samsung BioLogics Co Ltd, a contract manufacturer of biotech drugs for global pharmaceutical firms, said on Tuesday its initial public offering is expected to raise as much as US$2 billion in what is set to be South Korea's third-largest IPO.

Corporate News 10 Apr 2016 | 12:19 AM Premium

Nigeria may issue Chinese Panda bonds to help fund 2016 budget

LAGOS: Nigeria is considering a sale of Chinese Panda bonds to help fund a record budget aimed at reviving Africa's biggest economy as it suffers a slump in global oil prices, the finance minister said on Saturday.

Corporate News 06 Jan 2016 | 12:00 AM Premium

1MDB: China Railway’s RM5.28bil refers to its share of the land’s net equity value

PETALING JAYA: 1Malaysia Development Bhd (1MDB) has clarified that China Railway Group Ltd’s revised figure of RM5.28bil for the controlling stake in Bandar Malaysia was in reference to the estimated share of the land’s net equity value.

Business 05 Jan 2016 | 12:00 AM Premium

1MDB stake sale price ‘reasonable’

PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity.

Corporate News 19 Sep 2014 | 10:05 PM Premium

Hundreds of thousands of orders placed for Alibaba in debut

NEW YORK: A top New York Stock Exchange executive on Friday said on CNBC that "hundreds of thousands of orders" for shares of Alibaba Group Holdings Ltd. had been placed ahead of the stock's trading debut, expected later in the morning.