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KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has assigned a final rating of AA-IS with a stable outlook to AZRB Capital Sdn Bhd’s proposed RM535mil Sukuk Murabahah facility.
KUALA LUMPUR: Units of Petroliam Nasional Bhd (Petronas) jumped after the state oil company reduced its stakes in them, as investors expect the move could lead to the companies having more public shares to trade and thus getting bigger weightings in key stock indexes.
PETALING JAYA: Bank Islam Malaysia Bhd is seen to be undervalued by the market, but analysts believe the Islamic bank’s valuation will improve post-restructuring of its parent, BIMB Holdings Bhd.
HONG KONG: Haier, the world’s biggest maker of household appliances, is planning a major restructuring that will see its main unit Haier Smart Home list in Hong Kong to take another group company valued at US$7.7bil private, according to sources.
PETALING JAYA: The long-awaited restructuring exercise of BIMB Holdings Bhd, which includes the transfer of its listing status to Bank Islam Malaysia Bhd by end-September 2020 and a RM800mil cash call, has been announced.
Hanoi: The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp and Hyundai Motor Co couldn’t pull off during their early days: sell a car in the United States.
BEIJING: China’s largest stock debut in years did next to nothing, following signs of weakening sentiment in the world’s second largest equity market.
Manulife Investment Management (M) Bhd has announced a new branding and entity name of its business last month. The Manulife Asset Management brand has been changed to Manulife Investment Management.
PETALING JAYA: RHB Hong Kong Ltd and its subsidiaries will cease operations on the island state due to an increasingly challenging operating environment there.