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RASHID Hussain Bhd (RHB) has successfully completed the restructuring of its short-term borrowings totalling RM840mil into facilities with longer term maturities comprising RM280mil revolving credit facilities with tenures of three years, RM200mil bank guaranteed bonds with tenures of 5 years and RM360mil term loan facilities with tenures of seven years.
The world#8217;s largest diversified mining group, BHP Billiton Ltd/Plc, announced the surprise resignation of chief executive Brian Gilbertson yesterday, citing #8220;irreconcilable differences#8221; with the board. Its executive director Chip Goodyear, known for his rigorous financial analysis, was appointed as the new CEO with immediate effect.
Internet visionary Steve Case is stepping down as chairman of AOL Time Warner Inc, succumbing to scathing criticism that the record media merger he helped to engineer is a failure.
PERNAS International Holdings Bhd (PIHB) has announced the resignation of eight of its 12 board members, seven of whom are Perbadanan Nasional Bhd representatives.