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KUALA LUMPUR: U Mobile Sdn Bd, a Malaysian mobile service provider, is planning to raise about US$500mil in an initial public offering in Kuala Lumpur, according to people familiar with the matter. The wireless carrier has asked banks for proposals to help with the potential share sale, the people said. The company is set to […]
LONDON: Malaysia won a victory at a London court that will allow public hearings in a dispute between 1MDB and Abu Dhabi’s state investment fund in legal battle over how billions of dollars intended for Malaysia’s economic development was stolen. Judges at the Court of Appeal in London on Tuesday backed Malaysia’s arguments that private […]
KUALA LUMPUR (Dec 3): Khee San Bhd (KSB) shares jumped 16.39% in active trade this morning after the firm said it is placing out 94 million shares to Mamee-Double Decker (M) Sdn Bhd. At 11:54am, KSB’s share price rose 5 sen to 35.5 sen with some 47.69 million shares traded, for a market capitalisation of […]
KUALA LUMPUR (Dec 4): London Biscuits Bhd is no longer a major shareholder of associate Khee San Bhd. Financially-stressed London Biscuits announced to Bursa Malaysia that it has sold all its shares in Khee San, which will soon have a new controlling shareholder, Mamee-Double Decker (M) Sdn Bhd. A separate filing with Bursa by […]
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