By Anisah Shukry
The decision would deal a setback to construction and rail companies in Asia, including those from China and Japan, that are keen to gain a slice of orders.
Fortis has received a go-ahead from Hero Enterprise Investment Office and Burman family Office to re-open the bidding process, weeks after the board accepted the consortium’s investment offer.
The Malaysian civil service pension fund has reaffirmed that SRC International Sdn Bhd, a former subsidiary of debt-ridden 1Malaysia Development Bhd, is still making regular interest payments on its RM4.385 billion ($1.1 billion) loan from KWAP.
Jawala expects its post-IPO market capitalisation to be about $29.6 million ($22.1 million).
Amid the pick-up in pace of the investigation into the scandal-ridden 1Malaysia Development Berhad (1MDB) by the new Mahathir government, some question marks have also emerged over the role played by government-linked funds.
The acquisition plan was announced in April, where Razer said it intended to acquire the 65.1 per cent stake it did not already own in MOL Global.
Earlier this month, IHH had issued an extended the acceptance period of the enhanced revised proposal from May 15, 2018 till May 29, 2018.
Principal has increased its stake to 60% with CIMB retaining 40% ownership in CIMB-Principal Asset Management Group and CIMB-Principal Islamic Asset Management.
The company is majority owned by the founding Lau family. Private equity firm Affinity Equity Partners has owned a 23% stake in the business since 2014.
Vickers set up a new office in Kuala Lumpur in March this year to focus on investments in the country.