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Business 01 Jan 2003 | 12:00 AM

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.

Business 01 Jan 2003 | 12:00 AM

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.

Business 01 Jan 2003 | 12:00 AM

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.

Business 02 Jan 2003 | 12:00 AM

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.

Business 03 Jan 2003 | 12:00 AM

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.

Business 04 Jan 2003 | 12:00 AM

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.

Business 04 Jan 2003 | 12:00 AM

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.

Business 04 Jan 2003 | 12:00 AM

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.

Business 04 Jan 2003 | 12:00 AM

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.

Business 04 Jan 2003 | 12:00 AM

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.

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