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Uncertainties in cruise industry more painful for Genting Hong Kong’s debt restructuring
KUALA LUMPUR: Genting Malaysia Bhd is injecting up to US$150mil or about RM625mil into its US-based subsidiary Empire Resorts Inc which was severely impacted by the stoppage of operations in March due to the Covid-19 pandemic.
SHANGHAI: China shares shed early gains to end lower on Thursday, as more than 300 start-ups slumped earlier in the session after regulators moved to curb speculation on the tech-heavy ChiNext board.
PETALING JAYA: Hibiscus Petroleum Bhd is looking to raise up to RM2bil – more than double its current market capitalisation – from a proposed private placement of convertible redeemable preference shares (CRPS) to acquire good-value, high-quality producing oil and gas assets.
KUALA LUMPUR: Bursa Malaysia Securities has publicly reprimanded and fined remisier Teo Chee Cheong RM74,500 for manipulating the trading activities in the shares of eight companies.
BEIJING: Despite global economic uncertainties amid the Covid-19 pandemic, China’s foreign trade has maintained better-than-expected performance since the second quarter of this year, with trade in services, cross-border e-commerce and private sector transactions emerging as new growth engines, according to government officials and economic analysts.
KUALA LUMPUR: Trading in Sumatec Resources Bhd’s securities will be suspended from 9am today until further notice as the company has failed to submit its second-quarter report for the financial year ended June 30,2020 to Bursa Malaysia Securities Bhd.