Shares of cement makers decline on news there's no price hike
This comes in as Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail told the press that the decision to not increase cement prices was reached on Tuesday.
MoF witness: 'I was told SRC belongs to PM'
"I expressed being uncomfortable preparing the memo but it fell on deaf ears. I had previously complained to Maliami on other previous occasion but no action had been taken."
Kerjaya Prospek lands RM227.3m development project contract
Kerjaya Prospek said the construction work of the main building comprises one 27-storey apartment block and one 34-storey apartment block on top of a nine-storey podium car park.
Paramount to sell education biz for RM540.5m, pay RM177m special dividend
The sale is expected to result in a pro forma gain of RM487.81 million — improving earnings per share (EPS) by RM1.10, with the group distributing RM177 million of the proceeds as dividends to shareholders within six months of the agreement.
Francis Yeoh is now Lafarge Malaysia’s chairman
YTL Cement Sdn Bhd, a 98%-owned unit of YTL Corp, has acquired a 51% stake in Lafarge Malaysia. It has subsequently launched a mandatory general offer to Lafarge Malaysia’s minority shareholders for the remaining shares in the company at RM3.75 per share.
Short selling of IWCity suspended as trade breached Bursa's daily limit
In a statement, the exchange said the trading activities "has been suspended for the rest of the day as the daily short selling trade limit has reached 3% of the issued number of shares of the said securities".
SRC owes KWAP RM4.15b after borrowing RM4b seven years ago, says witness
Witness Afidah Azwa Abdul Aziz (pictured), who is the deputy secretary at the Ministry of Finance's strategic investment division, also told the court that SRC was seen defaulting its loan payments in 2015, 2016 and 2017, and it had to obtain a loan from the government to prevent an event of default.
IWCity shares soar on renewed buying interest
The reason for the renewed interest in the counter is not certain, but some dealers linked it to a possible revival of the acquisition of a 60% stake in the Bandar Malaysia project by IWH-CREC Sdn Bhd, a joint venture between Iskandar Waterfront Holdings Bhd (IWFH) and China Railway Engineering Corp Sdn Bhd.
IOI Corp appoints former plantations minister Peter Chin as chairman
In its filings with Bursa Malaysia, IOI Corp also announced that chief executive officer (CEO) Datuk Lee Yeow Chor will be redesignated as the group’s managing director.
Mazidah: Najib sought RM100m govt loan
It was to cover interest, late payment penalty for RM4 billion KWAP loans.
