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PETALING JAYA: Connectcountry Holdings Bhd has disposed of its 31% stake in Shenzhen Rapid Power Co Ltd (Rapid Power) for a total disposal consideration of 2.33 million yuan (RM1.4mil).
NEW YORK: Billionaire investor Carl Icahn has sold his stake in American International Group Inc, ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar with the matter.
SHANGHAI: Dalian Wanda Group Co. said it is selling a 34 billion yuan ($5.4 billion) stake in its property arm to a group of investors and “will strive to take the company public as soon as possible,” easing pressure on the conglomerate to meet a listing deadline.
KUALA LUMPUR: Lion Industries Corp Bhd is selling its office building in Klang to Yinson Corp Sdn Bhd for RM47.7mil through a sale and leaseback arrangement.
BOSTON: Billionaire investor William Ackman walked away from Valeant Pharmaceuticals International Inc on Monday with a loss of more than $3 billion as he sold his entire stake in the struggling drug company after trying to rescue it for some 18 months