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BSA International Bhd, which is seeking a transfer of listing to the main board of the KLSE, has proposed a 1-for-2 bonus issue of 44 million new shares of 50 sen each and a private placement of up to 12 million new shares of 50 sen each, representing not more than 10% of the issued and paid up share capital of the company.
THE Employees Provident Fund (EPF) plans to invest about RM130mil in information technology (IT) over the next three years to provide better service to its 10.3 million members and 340,000 contributing employers, said deputy chief executive officer II Rusma Ibrahim.
THE Securities Commission (SC) will implement next month the final phase of disclosure-based regulation (DBR), a move that will hasten the fund raising process in the capital market.
EVER SINCE RHB Sakura Merchant Bankers Bhd was de-listed from the local stock exchange late last year and taken private, the bank has witnessed a host of management changes. It is a fresh new chapter for the merchant bank but one without two key people #150; former managing director George Ratilal and former owner Tan Sri Abdul Rashid Hussain.