Blue chips hold steady underpinned by Genting

14 Jun 2019 - The Star Online
KUALA LUMPUR: Blue chips were steady in early Friday trade, underpinned by Genting and Petronas Dagangan while Lafarge Malaysia rallied on hopes of a hike in cement price and the East Coast Rail Link (ECRL) projects. At 9.31am, the FBM KLCI was up 0.99 of a point or 0.06% to 1,644.73. Turnover was 282.68 ...
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YTL Cement’s stake in Lafarge rises to 77%

14 Jun 2019 - The Star Online
KUALA LUMPUR: YTL Cement’s shareholding in Lafarge Malaysia rose from 51% to 77% at the close of the acceptance period for the former’s mandatory offer (MO) for the remaining 49% stake, CIMB Equities Research said. It said on Friday minority shareholders with a collective 26% shareholding in Lafarge ...
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Quick take: Lafarge surges to 13 month high of RM4.25

13 Jun 2019 - The Star Online
KUALA LUMPUR: Shares of cement maker Lafarge Malaysia Bhd surged to a high of RM4.25, the highest since May last year after AmInvestment Bank has advised minority shareholders to reject YTL Group's takeover offer of RM3.75 a share. At 11.21am, Lafarge was up 47 sen to RM4.25 with 586,900 shares done. ...
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AmInvest Bank advises Lafarge minority shareholders to reject YTL offer

3 Jun 2019 - The Star Online
KUALA LUMPUR: AmInvestment Bank has advised minority shareholders of Lafarge Malaysia Bhd to reject YTL Group's takeover offer at RM3.75 a share. The independent adviser said on Monday the offer price was lower than and represented a discount from 2.2% to 18.5% over the range of fair values of RM3.83 ...
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Lafarge to resume cement supply to ECRL

7 May 2019 - The Star Online
KUALA LUMPUR: Lafarge Malaysia Bhd can resume supplying cement for all eight packages of work for the proposed East Coast Rail Link (ECRL) project. Lafarge said on Tuesday it had received a letter from its client, China's state-owned China Communications Construction (ECRL) Sdn Bhd (CCC ERL) to resume ...
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YTL purchase of Lafarge strategically positive, says CIMB Research

3 May 2019 - The Star Online
KUALA LUMPUR: YTL Corp subsidiary YTL Cement’s offer to acquire LafargeHolcim Ltd’s 51% stake in Lafarge Malaysia for RM1.6bil cash (RM3.75 a share) is strategically positive but poses immediate earnings dilution, CIMB Equities Research says. “We are longer-term positive on the strategic rationale of ...
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YTL Corp makes mandatory offer for Lafarge Malaysia at RM3.75

2 May 2019 - The Star Online
KUALA LUMPUR: YTL Corp Bhd is making a mandatory offer (MO) for the remaining shares in Lafarge Malaysia Bhd following its acquisition of a 51% stake in the cement maker from Switzerland-based parent company LafargeHolcim. Lafarge Malaysia said today that it has received a notice of unconditional mandatory ...
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YTL Corp buys LafargeHolcim controlling stake in Lafarge Malaysia for RM1.64bil

2 May 2019 - The Star Online
KUALA LUMPUR: YTL Corp Bhd said its cement manufacturing arm, YTL Cement Bhd, has agreed to acquire LafargeHolcim's entire 51% stake in Lafarge Malaysia Bhd for US$396mil. The purchase price valued Lafarge Malaysia at RM3.75 a share. "With the divestment, LafargeHolcim will fully exit the Malaysian market," ...
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Quick take: Lafarge Malaysia continues to trend higher

8 Mar 2019 - The Star Online
KUALA LUMPUR: Shares of Lafarge Malaysia Bhd maintained its positive upward trend this morning, rising some 7%. The cement manufacturer, the third top gainer, rose 7.66%, or 18 sen to RM2.53.
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CIMB Research retains Reduce for Lafarge at RM1.76

8 Mar 2019 - The Star Online
KUALA LUMPUR: CIMB Equities Research views the 17.5% surge in Lafarge Malaysia’s share price on Thursday lacks fundamental justification, and has more than priced in the likely recovery in the East Coast Rail Link (ECRL) project. “We keep our Reduce rating and TP (unchanged target FY19F P/BV of 0.53 ...
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