Business

Malakoff IPO institutional offer oversubscribed more than 2 times

Friday, 17 April 2015.

KUALA LUMPUR: Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to US$756 million by more than two times, according to three people with direct knowledge of the matter.

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Rubber to trade mixed next week

Saturday, April 18, 2015 - 11:25

KUALA LUMPUR: The Malaysian rubber market is likely to trade mixed next week, in tracking crude oil prices and the ringgit’s movement, a dealer said.

Uncertainty surrounds KLTM next week on lack of market moving news

Saturday, April 18, 2015 - 11:24

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is likely to be in an uncertain mode next week due to the absence of market moving news, a dealer said.

Malakoff IPO institutional offer oversubscribed more than 2 times

Friday, April 17, 2015 - 21:55

KUALA LUMPUR: Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to US$756 million by more than two times, according to three people with direct knowledge of the matter.

Malaysia’s credit worthiness continues to be high, says economist

Friday, April 17, 2015 - 17:30

KUALA LUMPUR: Contrary to brickbats hurled by critics over its financial standing, renowned economist Dr Yeah Kim Leng says Malaysia’s creditworthiness continues to rank highly among international investors as evident by the success chalked by the US$1.5 billion sukuk issued by the government.

US-Asean Business Council lauds legislation

By RUPA DAMODARAN - Friday, April 17, 2015 - 17:26

KUALA LUMPUR: The US-ASEAN Business Council has lauded the decision of the US lawmakers to renew the Trade Promotion Authority which will enable the US to give the go-ahead for the Trans Pacific Partnership.

Brent crude oil prices fall as OPEC production soars

Friday, April 17, 2015 - 16:02

SINGAPORE: Brent crude oil prices fell on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut.

Samsung to ensure enough stocks to meet overwhelming response

Friday, April 17, 2015 - 15:50

KUALA LUMPUR: – Samsung Malaysia Electronics Sdn Bhd will re-stock the Samsung Galaxy S6 Edge in Gold Platinum to meet the overwhelming response from Malaysian consumers.

OSK Property expects to maintain growth

Friday, April 17, 2015 - 15:44

KUALA LUMPUR: – OSK Property Holdings Bhd expects to maintain growth this year, bolstered by new project launches worth around RM1 billion in gross development value (GDV).

TIME lists Tony Fernandes among world’s 100 most influential people

Friday, April 17, 2015 - 15:37

KUALA LUMPUR: TIME Magazine named AirAsia’s Group Chief Executive Officer Tan Sri Tony Fernandes to the 2015 TIME 100, the magazine’s annual list of the 100 most influential people in the world.

CIMB Research bullish on SapuraKencana’s outlook

Friday, April 17, 2015 - 15:10

KUALA LUMPUR: CIMB Research is bullish on SapuraKencana Petroleum Bhd’s business outlook given its potential of re-rating in the Securities Commission’s (SC) list of Shariah-compliant securities.

Naza expects Citroen Grand C4 Picasso to be main volume driver

Friday, April 17, 2015 - 15:05

KUALA LUMPUR: – Naza Euro Motors Sdn Bhd expects the newly launched petrol-variant MPV Citroen Grand C4 Picasso to be one of its main volume drivers this year.

Malaysia’s Malakoff IPO institutional offer oversubscribed more than 2 times- sources

Friday, April 17, 2015 - 14:37

KUALA LUMPUR: Institutional investors bought into Malaysia’s biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to $756 million by more than two times, according to three people with direct knowledge of the matter.

Malakoff names 12 cornerstone investors

Friday, April 17, 2015 - 11:22

KUALA LUMPUR: Malakoff Corporation Bhd (Malakoff) announced 12 cornerstone investors to its highly anticipated initial public offering (IPO), after months of speculations, this morning.

PAA upbeat on new e-commerce business platform

Friday, April 17, 2015 - 10:54

PUTRAJAYA: The Pan Asian e-Commerce Alliance (PAA) is confident that 10,000 of its 340,000 members from 11 countries will register with its Pan Asia Exchange (PAE), a business-to-business (B to B) e-marketplace portal, in the next six months.

BMW lowers vehicle prices

Thursday, April 16, 2015 - 22:41

KUALA LUMPUR: German premium automaker, BMW Malaysia Sdn Bhd, is revising the prices of all its BMW and MINI vehicles lower by up to 1.9 per cent.

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