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KUALA LUMPUR: Hap Seng Consolidated Bhd (Hap Seng) plans to dispose of its 100 per cent interest in HSC Sydney Holding Ltd and a 20 per cent stake in Hap Seng Credit Sdn Bhd, for RM771.16 million and RM906 million respectively, to Lei Shing Hong Capital Ltd.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has sold all its shareholding in Visa Inc, comprising 1.19 million Class A common shares, for US$93.9mil (RM412.8mil).
KUALA LUMPUR: Conglomerate DRB-Hicom Bhd is proposing to park KL Airport Services Sdn Bhd (KLAS) and a freehold land in Shah Alam under Pos Malaysia Bhd.
PETALING JAYA: In a filing with Bursa Malaysia, Berjaya Land Bhd said its wholly-owned subsidiaries, namely Immediate Capital Sdn Bhd, Berjaya Golf Resort Bhd and Selat Makmur Sdn Bhd, had collectively disposed of shares in NV Multi Corp Bhd that represented 6.6% of the latter#8217;s equity interest for about RM8.66mil cash.
T. Rowe Price Associates, Inc ceased to be a substantial shareholder in AirAsia Bhd, which has seen its shares come under selling pressure in recent weeks due to surging fuel prices.