Bezos sells US$3.1bil of Amazon shares after wealth jumps

The numbers are eye-popping: One million Amazon.com Inc shares offloaded for more than US$3.1bil (RM12.98bil). And yet for the seller, Jeff Bezos, it barely puts a dent in his stake in the e-commerce giant.

Anzo MD Chai Woon Chet takes 63% stake in Oversea Enterprise

KUALA LUMPUR: Anzo Holdings Bhd managing director Datuk Chai Woon Chet has made an unconditional mandatory takeover offer (MTO) of restaurant owner Oversea Enterprise Bhd after acquiring 63.37% of the company.

Quick take: Watta rises 11% on takeover offer

KUALA LUMPUR: Shares in Watta Holding Bhd rose over 11% in early trade Thursday after its group executive chairman Datuk Lee Foo San launched a mandatory takeover offer.

Trading ideas: Datasonic, MyEG, Watta, MMAG, UMW, KLCCP Stapled, Pasdec

KUALA LUMPUR: Stocks to watch on Thursday include Datasonic Group Bhd, Watta Holding Bhd, MMAG Holdings Bhd, UMW Holdings Bhd, KLCCP Stapled Group and Pasdec Holdings Bhd, according to JF Apex Research.

No end to South China Sea disputes without code of conduct

Takeover offer for Watta launched

PETALING JAYA: The single largest shareholder and chief executive officer of Watta Holding Bhd has launched a conditional mandatory takeover offer for the company at 50 sen per offer share.

Cargo airline cashing in on junk bond boom

ESTERO (Florida): At a little known cargo airline that handles shipments for United Parcel Service Inc and Amazon.com Inc, business is booming.

MMAG disposes of 30% equity in MSCM

KUALA LUMPUR: MMAG Holdings Bhd is disposing of its entire shareholding and warrants in associate company MSCM Holdings Bhd for a total cash sum of RM18.84mil.

Watta group exec chairman launches takeover

KUALA LUMPUR: Watta Holding Bhd’s group executive chairman Datuk Lee Foo San has launched a mandatory takeover offer for the remaining stake in the company after he raised his total shareholding to 45.59%.

MMAG disposes of 30% equity interest, warrants in MSCM for RM18.84mil

KUALA LUMPUR: MMAG Holdings Bhd is disposing of its entire shareholding and warrants in MSCM Holdings Bhd for a total cash sum of RM18.84mil.