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Global markets to be driven by geopolitics in short term
The first part yesterday of the roundtable discussions dwelt on the KLSE#8217;s lacklustre performance for 2002, and the factors contributing to its weakness. The concluding part talks about the market#8217;s probable outlook for this year, given the looming prospect of war in Iraq.
Saleh upbeat about DRB-HICOM prospects
OPTIMISTIC - that#039;s how group chairman Tan Sri Mohd Saleh Sulong feels about the DRB-HICOM Bhd group#039;s prospects this year.
IJM plans to list plantation unit
IJM Corp Bhd expects to list its wholly-owned subsidiary IJM Plantations Bhd (IJMP) in three months, the timeframe usually taken by the courts to grant approval for a capital reduction exercise.
Mentiga buying estate in Rompin for RM95mil
MENTIGA Corp Bhd is acquiring an oil palm estate in Rompin, Pahang, from the board of trustees of Yayasan Pahang for RM95mil.
Minority shareholders block Henderson unit buyout
Shareholders of Henderson Investment Ltd yesterday rejected a US$704mil plan by parent Henderson Land Development Ltd to take it private, killing the deal in a rare victory for Hong Kong shareholder activists.
KFCH to sell all non-core assets
KFC Holdings (M) Bhd (KFCH) will be selling its non-core, non-related assets including Wisma KFC,as part of its efforts to streamline operations to remain focused, said managing director Johari Abdul Ghani.
News in brief
News in brief including timber company Ta Ann Holdings Bhd is diversifying into property development and has acquired 3.6ha piece in Kuching for RM13.5mil.
Bell & Order needs more oomph
SECOND board-listed construction and sound communication concern Bell Order Bhd's warrant is expiring on April 17 this year.
Nascom can complete takeover of PN4 firms by March
PERBADANAN Komputer Nasional Bhd (Nascom) expects to complete the takeover of 11 listed companies currently under PN4 status by March. The takeover will result in the companies being relisted on the KLSE.
Kumpulan Fima has much to do
KUMPULAN Fima Bhd may have set itself free from the clutches of the distressed companies category on the Kuala Lumpur Stock Exchange, but clearly, it has a lot more to do before investors begin to look at is as an investment opportunity.
