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Top 67 Major Company Announcements Latest News Alerts. Indonesia Shares End Down 0.9%; 3040 Eyed Mon - (31 Jul 2010)[Updated] Indonesia shares end down 0.9% at 3069.280 as weak Asian markets prompt investor to take profits in most banks, consumer-related stocks after recent sharp rally; index still +5.3% since start of July, +21% since start of 2010. "Weak Updated Futures ahead of the announcement of an expectedRM21.80 a share offer for Tanjong buyout - (31 Jul 2010)PETALING JAYA: After days of speculation of an impending buyout offer for Tanjong plc, the intention to take the power and gaming outfit private was confirmed yesterday evening at a press conference.Nazir calls for NEM details to be known soon - (31 Jul 2010)Datuk Seri Nazir Razak, the group chief executive officer of CIMB Group Holdings Bhd, said the government should start spelling out the details soon or risk losing investors in the long run.JCorp statement on RM3.6bil debts next month - (31 Jul 2010)PETALING JAYA: Johor state investment arm Johor Corp (JCorp) is slated to make an announcement on the full status of its RM3.58bil outstanding corporate debts next month.Dayak chamber hails federal govt grant for native land survey - (31 Jul 2010)THE Dayak Chamber of Commerce and Industry Sarawak supports the setting up of a RM20 million federal government grant to assist in the perimeter surveying of native customary right land.In a Doubt over Fotronics recoverability of trade receivables - (31 Jul 2010)KUALA LUMPUR: Messrs CroweHorwath, external auditors to data storage company Fotronics Corp Bhd, has expressed doubt over the recoverability of trade receivables totalling RM12.7mil due to the company, and are unable to ascertain the salvage value of machinery with a carrying value of RM1.9mil.Doubt over Fotronics recoverability of trade receivables - Malaysia Star - (30 Jul 2010)
RM21.80 a share offer for Tanjong buyout - Malaysia Star (blog) - (30 Jul 2010)
AirAsia: Buy, target price RM2.00 - (30 Jul 2010)During the announcement, AirAsia said passenger load factor improved over 5 per cent quarter-on-quarter to 73 per cent, led by 6 per cent quarter-on-quarter growth in revenue-passenger-kilometre (RPLow dispels talk he received RM500mil airbase job - (30 Jul 2010)KUALA LUMPUR: Well-connected businessman Jho Low has dispelled talk that he is involved in the redevelopment of the TUDM Sungai Besi airbase.Charles River Labs calls off WuXi Pharmatech buy Friday - (30 Jul 2010)BEIJING: Charles River Laboratories International Inc., a U.S. medical research equipment and services company, said Friday it is canceling a $1.6 billion acquisition of WuXi PharmaTech after shareholder objections.Japan's No. 2 airline ANA narrows losses - (30 Jul 2010)TOKYO: All Nippon Airways Co., Japan's No. 2 airline, said losses narrowed in the April-June quarter as it slashed costs and benefited from an uptick in international business and tourism travel.Toyota recalls 412,000 cars in US to fix steering - (30 Jul 2010)NEW YORK: Toyota is recalling nearly half a million cars, most of them large sedans sold in the U.S., for problems that can cause the steering wheel to lock up. It's the latest indication that the automaker is still struggling with vehicle problems even as it works to overhaul quality control.Tanjong to brief media at 5.15 pm today - (30 Jul 2010)Tanjong Capital Sdn Bhd will hold a press conference at 5.15 pm local time in Kuala Lumpur, according to a media invitation sent out by Ogilvy Public Relations.It didn’t give details. Tycoon Ananda may announce buyout of power and gaming company today - (30 Jul 2010)PETALING JAYA: Will he or wonât he? The market is abuzz that Tanjong plcâs major announcement today will involve substantial shareholder T. Ananda Krishnan proposing to take the power and gaming company private, just two days after the tycoon announced a similar exercise for Measat Global Bhd.Sony back in the black in Q1 - (30 Jul 2010)TOKYO: Japanese electronics giant Sony yesterday said it returned to the black in the fiscal first quarter thanks to strong sales in televisions, its PlayStation 3 console and computers.Singapore Shares End Lower On Profit Booking, DBS Surprise Loss - (29 Jul 2010)SINGAPORE (Updated)--Singapore shares ended lower Friday after traders cashed in on three straight days of gains and DBS Holdings Ltd., southeast Asia's biggest bank by assets, surprised markets by reporting a loss in the second quarter. The 30-sTanjong may buy power assets: JPMorgan - (29 Jul 2010)Tanjong Plc, a Malaysian power and gaming company whose shares were suspended yesterday pending an announcement, may spin off its power unit to unlock value or acquire electricity generation assets, aMeasat gets RM4.20 a share buyout offer - (29 Jul 2010)Shareholders stand to get RM4.20 for each share held, which is a 10.5 per cent premium over the stock's last traded price of RM3.80.If successful, it will be the second company controlled Measat makes it hattrick for tycoon Ananda Krishnan - (29 Jul 2010)PETALING JAYA: Tycoon T. Ananda Krishnan is going for his third major corporate exercise in less than a year, this time involving the privatisation of Measat Global Bhd â at a cash offer price of RM4.20 or about RM668mil.Measat to announce corporate proposal - (28 Jul 2010)Measat Global Bhd, a Malaysian satellite operator, asked for a share suspension pending an announcement of a corporate proposal involving shareholders of the company.The shares of Measat will Measat Global gets RM4.20/share buyout offer - (28 Jul 2010)MEASAT Global Network Systems Sdn Bhd (MGNS), which holds 59.56 per cent stake in Measat Global Bhd, is proposing a conditional take-over offer to acquire the rest of the equity interest in the latterYahoo Japan to use Google search tech, not Yahoo's - (28 Jul 2010)TOKYO: Yahoo Japan Corp. will use Google technology to run its search engine and search ad delivery system, after a similar deal in the U.S. was derailed by regulators concerned about a monopoly.Maybank bullish on investment banking - (28 Jul 2010)MALAYAN Banking Bhd (Maybank) (1155) expects to see a 50 per cent rise in the value of itsKBB shares take a tumble - (28 Jul 2010)PETALING JAYA: The share price of KBB Resources Bhd tumbled to its record low at 20 sen down 5.5 sen yesterday after the announcement that it has defaulted on âsome banking facilities repaymentâ since July 21 amounting to over RM16.1mil involving 10 banks.M3nergy offer receives over 85% acceptance - (28 Jul 2010)KUALA LUMPUR: Despite differing views on the takeover offer of M3nergy Bhd, an overwhelming majority, or over 85% of its shareholders, have accepted Adamus Avenue Sdn Bhdâs offer price of RM1.85 per share.Stamford College plunges 38% - (28 Jul 2010)PETALING JAYA: Shares in Stamford College Bhd plunged 15.5 sen, or 37.8%, on knee-jerk reaction that its proposed regularisation plan has been rejected by Bursa Malaysia.Tanjong requests trading suspension - (28 Jul 2010)Tanjong Public Ltd Company has requested for suspension of its shares today pending an announcement.The company did not provide any details in a filing to Bursa Malaysia. Its shares were last India raises rates more than forecast - (28 Jul 2010)MUMBAI: Indiaâs central bank raised interest rates more forcefully than expected yesterday in the face of inflation that has held stubbornly above 10% for the past five months.Complaint derails Focus Point listing - (28 Jul 2010)However, the group has refuted the allegations and are now waiting for the authorities to deliberate on its response."The board of directors believes that the allegations are adequately re Focus Point defers listing on Bursa - (28 Jul 2010)KUALA LUMPUR: Focus Point Holdings Bhd, which was scheduled for listing on the ACE Market of Bursa Malaysia yesterday, have decided to defer the listing to a later date.Krishnan Firms Halted in Malaysia - Wall Street Journal - (27 Jul 2010)
Malaysia's Stocks Offer Foreign Investors a `Safe Refuge,' JPMorgan Says - Bloomberg - (27 Jul 2010)
KBB shares take a tumble - Malaysia Star - (27 Jul 2010)
Focus Point defers listing on Bursa - Malaysia Star - (27 Jul 2010)
Stamford College plunges 38% - Malaysia Star - (27 Jul 2010)
Singapore Air Q1 reflects industry rebound - (27 Jul 2010)SINGAPORE: Singapore Airlines, the world's second-largest airline by market value, said yesterday a recovery in passenger and freight traffic should be sustained in the near term after postingKhazanah wins Parkway battle - (27 Jul 2010)Government investment arm Khazanah Nasional Bhd has won the battle over Singapore's healthcare services provider Parkway Holdings Ltd as it seeks to buy all remaining shares in the company for a totalBP confirms Hayward's departure as CEO and US$30bil asset sales - (27 Jul 2010)LONDON: BP PLC said Tuesday that embattled Chief Executive Officer Tony Hayward will step down on Oct. 1 â to be succeeded by American Robert Dudley â and that it has set aside US$32.2 billion to cover the costs of the Gulf of Mexico oil spill.4-5 yuan per dollar inevitable, says new Japan envoy - (27 Jul 2010)TOKYO: Japan's new ambassador to Beijing said yesterday he expected to see China's currency appreciate as much as 40 per cent, as he reiterated earlier calls for closer trade ties.Mudajaya shares fall for a second day on SC probe report - (27 Jul 2010)PETALING JAYA: Shares of power plant builder Mudajaya Group Bhd fell for a second day as jittery investors booked in profits from recent sharp gains on a news report that the company had been probed by the Securities Commission (SC).Focus Point says no impact from deferment - (27 Jul 2010)Focus Point Holdings Bhd said the deferment of the company's listing exercise would not have any impact on its business operations. The company's listing, which was scheduled for today, Reverse takeover of GPRO planned - (27 Jul 2010)KUALA LUMPUR: GPRO Technologies Bhd has entered into a heads of agreement (HoA) to acquire AB Technology Sdn Bhd (AB Tech), a precision casting and injection moulding firm, for RM140mil to be settled via the issuance of new shares.GPRO Tech climbs to 33-month high - (27 Jul 2010)GPRO Technologies Bhd, a Malaysian information technology company, rose to its highest level in 33 months in Kuala Lumpur trading after signing a preliminary agreement to buy AB Technology (M) Sdn BhdKBB names new CEO, says units defaulted on facilities - (27 Jul 2010)PETALING JAYA: Vermicelli maker KBB Resources Bhd yesterday appointed property developer Datuk Chin Seak Huat its new chief executive officer, and told the stock exchange that seven of its subsidiaries â including the main unit Kilang Bihun Bersatu Sdn Bhd â had defaulted in âsome banking facilities repaymentââ since JRM150m business growth fund - (27 Jul 2010)A BUSINESS growth fund of RM150 million will be set up under the 10th Malaysia Plan next year to bridge the financing gap between the early stages of commercialisation and venture capital financing foFortis looks to SEA and Mideast for opportunities - (27 Jul 2010)NEW DELHI: Fortis Healthcare, in accepting Khazanah Nasional Bhd’s offer yesterday, said it would use the S$116.7mil profit on its Parkway stake to look for other opportunities.Stamford College plan rejected - (27 Jul 2010)STAMFORD College Bhd’s (SCB) regularisation plan has been rejected by Bursa Securities Malaysia Bhd on the concern that the exercise does not comply entirely with Practice Note 17 of the Main MaM3nergy offer gets over 85pc acceptance - (27 Jul 2010)Despite differing views on the takeover offer of M3nergy Bhd, an overwhelming majority or over 85 per cent of its shareholders have accepted Adamus Avenue Sdn Bhd's offer price of RM1.85 per shar Tony Hayward leaving as BP CEO, US official says - (26 Jul 2010)NEW ORLEANS: BP's Tony Hayward, whose gaffes added insult to oil-spill injury for the Gulf Coast, is on his way out as CEO, a U.S. government official said Sunday.Hayward said discussing exit from BP - (26 Jul 2010)LONDON: BP plc chief executive Tony Hayward is discussing his departure from the company after a leak at one of its Gulf of Mexico wells caused the largest oil spill in US history, two people fKL bourse's upward momentum intact - (26 Jul 2010)The local stock market extended gains for a third week, shored up by recently listed small-cap stocks, especially in the consumer sector, which rose sharply as investors returned to bargain hunt afterKhazanah requests Parkway trading halt - (26 Jul 2010)Integrated Healthcare Holdings Ltd, a unit of Malaysia’s Khazanah Nasional Bhd, requested that shares of hospital operator Parkway Holdings Ltd be halted on the Singapore exchange pending the reIntegrated Healthcare says it did not misled market - (24 Jul 2010)PETALING JAYA: Integrated Healthcare Holdings Ltd, which had made a conditional partial offer for Parkway Holdings Ltd, has rejected any suggestion that an update to the Singapore stock exchange it made on Wednesday was âerroneous or misleadingâ.Chinaâs Jihua to launch US$480mil Shanghai IPO - (24 Jul 2010)SHANGHAI: Chinaâs biggest military supply provider, Jihua Group, said yesterday it would launch an initial public offering worth about 3.25 billion yuan (US$480mil) next week mainly to fund production expansion.Asia File moves to strike off RM217m claim - (24 Jul 2010)PETALING JAYA: Stationery manufacturer Asia File Corp Bhd is moving to strike off a RM217.7mil claim made by Kalidason Ramoo over losses and damages suffered in respect of a freehold parcel of industrial land in Seberang Prai owned by Evergreen Import and Export (M) Sdn Bhd.Rajendram: Lawyer appointed after money went missing - (24 Jul 2010)PETALING JAYA: Alan Rajendram has confirmed in an e-mail that lawyer Datuk N. Sivananthan was engaged to lodge various reports against Prime Savings and Trust Ekonomisk forening (PST) in its dealings with two of Linear Corp Bhdâs wholly-owned subsidiaries while Rajendram was still a director in Linear.KL shares may test 1,350-point level - (24 Jul 2010)Share prices on Bursa Malaysia are expected to rise next week to test the 1,350-point level with retail investors as the main players, dealers said.Pong Teng Siew of Jupiter Securities Sdn BURSA MALAYSIA: Share Prices Expected To Test 1350-Point Level Next Week - Bernama - (23 Jul 2010)
Fortis files complaint against Khazanah - (23 Jul 2010)PETALING JAYA: The battle for control of Singapore-listed healthcare provider Parkway Holdings Ltd has taken a new twist with lawyers representing Fortis Healthcare Ltd approaching Singaporeâs market regulator over an update by Khazanah Nasional Bhdâs Integrated Healthcare Holdings Ltd.Some Internet porn sites in China now accessible - (23 Jul 2010)BEIJING: Word leaked out slowly, spread by Web-savvy folks on Twitter: Internet porn that once was blocked by Chinese government censors was now openly available.Nestle plans innovation hub in Singapore - (23 Jul 2010)SINGAPORE: Nestle today announced it will set up a new regional hub for research and development (R&D) in coffee mixes beverages in its R&D centre here.Klaus Zimmermann, Nestlé’s Bursa reprimands Tiger, Tracoma - (23 Jul 2010)PETALING JAYA: Bursa Securities has publicly reprimanded Tiger Synergy Bhd and Tracoma Holdings Bhd for breaching Main Market listing requirements.Boustead Heavy Industries: Hold, target price RM4.40 - (23 Jul 2010)AMRESEARCH Sdn Bhd said shipbuilder Boustead Heavy Industries Corp (BHIC) (8133) may soon geAmazon snags exclusive deal for e-editions - (23 Jul 2010)NEW YORK: It's war between Random House Inc. and a top literacy agency.Bursa reprimands Tracoma, Tiger Synergy - Business Times - Malaysia - (22 Jul 2010)
BURSA MALAYSIA: Prices Remain Steady At End Of Morning Session - Bernama - (20 Jul 2010)
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