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Apart from the large investments abroad that have made headline news such as the acquisition of Unilever group assets by IOI Corp Bhd and Wessex Water by YTL Power International Bhd, there were also many companies with smaller market capitalisation which crossed the border last year.
The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.
MMC Engineering Bhd#146;s subsidiary, MMC Metal Industries Sdn Bhd (MMI), which manufactures freight wagons for KTM Bhd (KTMB), plans to produce locally-made coaches for the local railway.
E-BUSINESS systems provider Skali is currently talking to three merchant bankers and will be selecting one by the end of this month for its listing exercise on Mesdaq by the 3rd quarter of the year, according to its president Tengku Farith Rithauddeen.
PACKAGING company Tomypak Holdings Bhd is targeting to increase the local content in its finished products to at least 60% by 2005 from 50% currently.
FORMERLY known as Ipoh Garden Bhd, IGB Corp Bhd has always been a diversified property player; not only does it build residential units to commercial properties and hotels in the country, it also owns property investments abroad including the St Giles hotel chain in Britain and the MiCasa Hotel Apartments in Myanmar.
TEXCHEM Resources Bhd (TRB) plans to pump up to RM100mil into its newly-formed food business division by 2010, according to group executive chairman and president Datuk Seri Fumihiko Konishi.
DRB-HICOM Bhd subsidiary Scott amp; English (M) Sdn Bhd is expecting this year#039;s sales of Tata vehicles to surpass the RM60mil achieved last year.
IT seems like Idris Hydraulic Bhd is no stranger to problems. It has a colourful history #150; as seasoned punters would politely put it.
UMW Corp Sdn Bhd oil and gas division is studying the feasibility of supplying gas pipelines to the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Siam.