By Tanu Pandey
A downturn in the Oil and Gas industry has led to the ideas about consolidation and this year the consolidations could finally take place.
This is the first time Axiata has diluted its stake in edotco.
Felda Investment Corp has also acquired and invested in properties abroad.
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.
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.
General ticket sizes will be between 500k-3 million RM for this new fund
Malaysia’s Samurai 2K Aerosol that had announced its listing on the Singapore stock exchange earlier this week, has said that its placement for 20 million shares of 20 Singapore cent each has been been fully subscribed.
PappaRich Malaysia Sdn., a food chain selling local cuisine from nasi lemak to curry laksa noodles, is considering a Singapore initial public offering, people with knowledge of the matter said. The company, which opened its first restaurant in Malaysia in 2006, is targeting to achieve a valuation of at least S$200… Read more »
Malaysia has launched a five-year Islamic Fund and Wealth Management Blueprint in a bid to position itself as global hub for Islamic funds, taking advantage of the rising affluence in Asia-Pacific and emerging Muslim economies.
Listings in Bursa Malaysia raised only $230 million last year.