CIMB. Photo: Bloomberg

CIMB said to be in talks to sell $200m stake in brokerage arm


It is in talks with China Galaxy Securities Co for this stake sale

Malaysia’s RHL Ventures invests in US-based tech startup Sidestep

Sidestep app allows users to skip long queues during live events

Malaysian drilling services firm UMW-OG to buy Icon Offshore

Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) said it would buy Icon Offshore Berhad in a deal that values theoffshore support vessel provider at 588.6 million ringgit ($132 million). UMW-OG will first acquire government-linked private equity firm Ekuiti Nasional Berhad’s (Ekuinas) indirect stake of 42.3… Read more »

Malaysia SC introduces new framework for mineral, O&G firms’ listing

The framework will take effect on March 20 this year.

MY: Icon Offshore, UMW O&G may merge, trading in shares suspended

A downturn in the Oil and Gas industry has led to the ideas about consolidation and this year the consolidations could finally take place.

MY: Axiata, edotco ink pact on $600m deal with Khazanah, INCJ

This is the first time Axiata has diluted its stake in edotco.

Malaysia’s Felda may sell share holdings, London hotels

Felda Investment Corp has also acquired and invested in properties abroad.

Buffett’s Berkshire Hathaway wins reinsurance licence in Malaysia

Warren Buffett’s Berkshire Hathaway Specialty Insurance Company (BHSI) has secured a a license from Malaysia’s “midshore” financial center Labuan IBFC’s regulator Labuan FSA, to provide non-life reinsurance to the Malaysian market.

Malaysian events firm E-Plus starts trading on Australian bourse

Malaysia based events management company E-Plus Ltd that listed at the National Stock Exchange of Australia with a market capitalisation of about $9 million, started trading on the exchange on Monday.

TinkBig to launch $30m fund by year-end, 10pc for IoT Smart Homes firms

General ticket sizes will be between 500k-3 million RM for this new fund