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PETALING JAYA: SBC Corp Bhd said it will work with a firm linked to Malaysian-born, Singapore-based property tycoon Ong Beng Seng to develop a Hard Rock Hotel, believed to be located in Kota Kinabalu, Sabah.
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.
PETALING JAYA: The emergence of three new shareholders in Alliance Financial Group Bhd (AFG) resolves a long-standing shareholding issue at the bank, which counts Temasek Holdings Pte Ltd as the other substantial shareholder.
LOCAL businessman Datuk Ong Beng Seng and Singapore#039;s CapitaLand Ltd plan to tie up with Selangor#039;s Sultan Sharafuddin Idris Shah to build a S$265mil Four Seasons hotel and apartment complex in Kuala Lumpur, taking advantage of rising property prices and tourism.
Singapore tycoon Ong Beng Seng, who owns Four Seasons resorts in Bali, Singapore and the Maldives, won government approval to build the brand's first hotel in Kuala Lumpur after a 17-month wait.
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.
PETALING JAYA: Three new names have emerged in Langkah Bahagia Sdn Bhd, which owns a substantial stake, through Vertical Theme Sdn Bhd, in Alliance Financial Group Bhd (AFG), the country’s smallest banking group by assets.
KUALA LUMPUR: Hong Kong-based Robert Kuok has maintained his position as Malaysia's richest man with a wealth of RM45.7bil, despite an 8% drop in his fortune.
After the RHB-AMMB proposed merger, talk of more M&As in the sector has resurfaced