• Corporate  |  JANUARY 30, 2016 5:37AM

    Swiss AG suspects US$4b misappropriated, seeks M’sia help

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    Switzerland’s chief prosecutor said yesterday he has formally asked Malaysia for help with his probe into possible violations of Swiss law by the state-owned fund 1Malaysia Development Berhad (1MDB), saying suspected misappropriations amounted to about US$4 billion (RM16.6 billion). The …

  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 4:14PM

    Ahmad Zaki’s EKVE issues RM1 bil sukuk

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    Ahmad Zaki Resources Bhd’s (AZRB) wholly-owned unit EKVE Sdn Bhd has made its maiden issuance of RM1 billion sukuk murabahah under the guaranteed sukuk murabahah facility. AZRB said the proceeds from the issuance would be used by EKVE to, among others, to …

  • Corporate  |  JANUARY 29, 2016 4:10PM

    Berjaya Auto buys 5% stake in Inokom

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    Berjaya Auto Bhd (BAuto) has acquired a 5% interest in Inokom Corp Bhd, comprising five million ordinary shares of RM1 each, from Berjaya Group Bhd for RM7.5 million. In a statement today, BAuto said the acquisition, fully funded by internally generated funds, would allow …

  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 10:41AM

    SapuraKencana TMC issues RM176 mil sukuk

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    SapuraKencana Petroleum Bhd’s wholly-owned subsidiary SapuraKencana TMC Sdn Bhd (SKTMC) has made a further issuance of RM176 million in nominal value of unrated sukuk murabahah under the multi-currency sukuk programme. In a filing to Bursa Malaysia, SapuraKencana said the proceeds raised from this issuance …

  • Corporate  |  JANUARY 29, 2016 10:35AM

    Lotus aims to break even this year

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    Proton Holdings Bhd’s Lotus Cars Malaysia aims to break even or perhaps make a profit this year, said Group Lotus Plc chairman Dr Mahathir Mohamad. He said Lotus sold 2,000 units of its variants worldwide last year, and expects to at least maintain …

  • Corporate  |  JANUARY 29, 2016 10:18AM

    Ranhill extends public offering period

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    Ranhill Holdings Bhd will extend its public offering period to Feb 25 for the retail offering and Feb 29 for the institutional offering. In a statement, Ranhill said a total of 172.56 million offering shares were taken up by three cornerstone investors, namely …

  • Corporate  |  JANUARY 29, 2016 10:03AM

    MCMC to ensure fair spectrum refarming process

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    The Malaysian Communications and Multimedia Commission (MCMC) will ensure that companies involved in the redistribution and bidding process of telecommunication spectrum would fairly obtain the spectrum resources. Commenting on the matter raised in the Budget 2016 recalibration, MCMC chairman Halim Shafie said MCMC would …

  • Corporate  |  JANUARY 29, 2016 9:54AM

    Honeywell to join M’sia’s Principal Hub initiative

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    Malaysian Investment Development Authority (MIDA) today announced that United States-based multinational conglomerate, Honeywell, has become the first global company to join Malaysia’s Principal Hub initiative. In a statement, MIDA said the initiative was aimed at bringing in more foreign investment to the region as …

  • Corporate, Featured and Exclusive  |  JANUARY 29, 2016 7:53AM

    Hong Leong Bank appoints new CEO

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    Hong Leong Financial Group (HLFG) and Hong Leong Bank Bhd (HLBB) have made two new executive leadership appointments which will be effective Feb 5, 2016. In a statement today, HLFG said it has appointed Tan Kong Khoon as president and chief executive …

  • Corporate  |  JANUARY 29, 2016 7:38AM

    Sime Darby HK to dispose of 50% stake in Weifang

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    Sime Darby Overseas (Hong Kong) Ltd (SDOHK) has entered into an equity purchase agreement (EPA) with Overseas Hong Kong Investment Ltd (OHKIL) to dispose of a 50% equity in Weifang Sime Darby Liquid Terminal Co Ltd (WSDLT) for 60.85 million yuan (RM39.15 million). …