[ KUALA LUMPUR: CSH Alliance Bhd will be changing its name to Velocity Capital Partner Bhd effective Thursday. In a statement by Bursa Malaysia, the local bourse said the company’s shares would be traded and quoted under the new name and new stock short name with effect from 9am, Dec 28. The stock number remains … Read more
[ SINGAPORE: In one of the largest insurance deals in the region, Japanese insurer Sumitomo Life Insurance is offering to fully acquire local insurer Singapore Life Holdings (Singlife), valuing it at S$4.6bil (US$3.46bil). Under the deal, Sumitomo Life will buy asset manager TPG’s 35% stake in Singlife for S$1.6bil. It will also offer to acquire … Read more
[ Yinson Holdings Bhd is still fundamentally an oil and gas firm, even though most of its recent corporate developments have been geared towards moving the company to the renewable energy (RE) space. The company has been progressively announcing an increasing number of initiatives in the RE sector of late, with the latest milestone being … Read more
[ HSS Engineers Bhd is stepping into 2024 with much optimism and it has every reason to do so. For one thing, the engineering and project-management consultant is set to end its current financial year on a strong note, following a robust performance for the first nine months ended Sept 31, 2023 (9M23). Read original … Read more
[ IT is not very often we hear of a Swiss multinational company being bought over completely by Malaysians, and run successfully at that, but Niro Ceramic Group (Niro) is an exception. Managing director Ian Kok tells StarBizWeek the first factory belonging to the group was built in Switzerland back in the 1970s, and was … Read more
[ KUALA LUMPUR: PPB Group Bhd’s flour and animal feed milling subsidiary FFM Bhd will consult with its external legal counsels to challenge the Malaysia Competition Commission’s (MyCC) decision to impose a penalty of RM42.69 million for price-fixing infringement. The group said FFM is of the view that the decision is without merit. “It will … Read more
[ KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) and its wholly-owned unit, Syarikat Takaful Malaysia Am Bhd, have formed a bancatakaful partnership with Bank Muamalat Malaysia Bhd. In a joint statement, the insurance group said that the partnership aims to provide Takaful Malaysia with access to the customer base, branch network and sales … Read more
[ PETALING JAYA: The requisition by 10 of Kumpulan Jetson Bhd’s (Jetson) minority shareholders to convene an EGM to remove six of the company’s board of directors, has been deemed invalid. In a filing with Bursa Malaysia, Jetson said that pursuant to Section 311(3) (a) of the Companies Act 2016, the 10 minority shareholders convening … Read more
[ KUALA LUMPUR: PT Resources Holdings Bhd remains committed towards actively identifying and evaluating new business opportunities and assets to be acquired, which can contribute to and improve its financial performance. In a filing with Bursa Malaysia, the company said it will continue to monitor the latest developments in the market and take steps to … Read more
[ KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) wholly-owned unit trust management company, Amanah Saham Nasional Bhd (ASNB), has declared a total income distribution of 5.25 sen a unit for its flagship fund, Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 2023. The total distribution consists of an income distribution of 4.25 sen … Read more
