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An eight-month takeover battle for NatSteel Ltd looks set to end in bitter stalemate today, setting the stage for a messy boardroom brawl between two powerful Asian tycoons for control of the cash-rich steel miller.
Hotel magnate Ong Beng Seng won control of NatSteel Ltd yesterday, but only by a wafer-thin margin, ending an eight-month takeover battle for the cash-rich steel miller.
Indonesia-born tycoon Oei Hong Leong plans to stay on as NatSteel Ltd#8217;s largest shareholder, despite losing a bruising takeover battle to hotel magnate Ong Beng Seng for the cash-rich steel miller.
SINGAPORE#146;S sole steel maker NatSteel Ltd has swung back into the black following an exceptional gain from the sale of its stakes in units NatSteel Broadway and NatSteel Brasil last year.
As part of his coronation festivities, the Sultan of Selangor arranged a flight aboard a chartered plane for 100 children from five orphanages and homes on March 26, followed by a huge tea party at Istana Alam Shah, Klang two days later, reports KEE HUA CHEE.
Speculation of a battle for Haw Par Corp Ltd swirled yesterday after Indonesian-born Singapore tycoon Oei Hong Leong upped his stake, driving shares in the maker of Tiger Balm healing ointments to an eight-month high.
NatSteel Ltd is going ahead with a S$205.5mil dividend payout without linking it to a controversial scheme that had sparked a shareholder row.
ANOTHER chapter of the NatSteel saga began on Monday with the leader of an investor lobby group suing for libel a man already defending another defamation case.
Mulberry's 'it' bags carry the brand although the rejuvenated label also offers men's and women's wear, writes MICHELE LIAN.
The Yang di-Pertuan Besar of Negri Sembilan, Tuanku Ja'afar Tuanku Abdul Rahman turned 83 on July 19 and KEE HUA CHEE had an audience with him.