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ABUJA: Nigeria will review the sale of power assets to private investors after they have been unable to improve power supply in Africa’s most populous country.
AMID a sombre property outlook, stockbroking bigwig Datuk Tony Tiah Thee Kian is looking to privatise his property arm TA Global Bhd via flagship financial services company TA Enterprise Bhd.
KUALA LUMPUR: Shares in TA Enterprise Bhd jumped almost 13% in early trade Thursday on its plan to privatise its property arm TA Global Bhd for 28 sen per share.
KUALA LUMPUR: Mercedes Benz vehicle dealer Cycle & Carriage Bintang Bhd (CCB)’s proposed privatisation deal has fallen through after the share capital reduction (SCR) and repayment exercise at RM2.20 per share failed to get a majority vote.
KUALA LUMPUR: Blue chips closed higher on Tuesday, underpinned by a rebound in Petronas Chemicals, Tenaga Nasional and Maybank as sentiment perked up following a firmer China market.
KUALA LUMPUR: The proposed privatisation of Cycle & Carriage Bintang Bhd (CCB) via a special capital repayment of RM2.20 a share fell through as it did not secure the majority needed from the disinterested shareholders during its EGM on Tuesday.
KUALA LUMPUR: Cycle & Carriage Bintang Bhd, which has been a downtrend over the past few trading days, rebounded 7.4% this morning.KUALA LUMPUR: Cycle & Carriage Bintang Bhd, which has been a downtrend over the past few trading days, rebounded 7.4% this morning.
KUALA LUMPUR: Stocks to watch on Tuesday include NWP Holdings Bhd, Omesti Group Bhd, Cycle & Carriage Bintang Bhd, Compugates Holdings Bhd, Green Packet Bhd, Carimin Petroleum Bhd and Serba Dinamik Holdings Bhd, according to JF Apex Research.
Company believes shares are largely undervalued
FOR months, the question was who will get it. The bidding war for the prized asset that is PLUS Malaysia Bhd attracted bidders far and near, with many of the local personalities the ones that have eyed the expressway company before.