News by The Edge

This offer comes three weeks after the announcement that Amcorp plans to buy over a combined 68.78% stake in TEE Land from its parent TEE International and from Phua Chian Kin, TEE International’s controlling shareholder.

The MACC says it is also probing the matter...

“It (e-wallet) is a very expensive game, so consolidation will come because some [smaller] players will just fall off, while some bigger players may look into mergers and acquisitions."
 

According to sources, the concessionaire will be given a 20-year extension.

Public Investment Bank expects awards to pick up in 2020, given the mildly expansionary Budget 2020 announcement, which includes a RM56 billion allocation for development expenditure.

Amcorp, controlled by Tan Sri Azman Hashim, will buy a 63.28% stake in TEE Land from its existing parent company, TEE International. It will also buy over a separate 5.5% stake in TEE Land held directly by TEE International's controlling shareholder, Phua Chian Kin, popularly known as CK.

While the KL Property Index saw a rise at the start of 2019, touching a high of 964.6 points on Feb 21, the trend turned negative for the rest of the year with the index declining to a low of 747.62 during the year.
 

Jho Low, as he is better known, was put on the Interpol Red Notice by Singapore back in October 2016, after investigations commenced on 1MDB-related fund flows involving Singapore-based banks.

Some quarters voiced their concerns over the loss of an independent body to regulate the operations of airports in the country, while others were more worried about the prospects of MAHB.

Only a few have striven to build shareholder value by undertaking corporate exercises to unlock the true worth of their assets.