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Negative news sends Top Glove stock down almost 6%

10 Dec 2018 - The Star Online
KUALA LUMPUR: Shares of Top Glove Corp Bhd took a beating in early trade Monday following news that it was accused of forced labour. The world’s biggest glove-maker fell 5.93%, or 33 sen to RM5.57 with over 1.2 million shares done. According to reports, Britain is launching an investigation into medical ...
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GentingM, Genting see RM4.89b erased from market cap over US$1b suit

27 Nov 2018 - The Star Online
KUALA LUMPUR: Genting Malaysia Bhd and Genting Bhd saw a combined RM4.89bil erased from their market capitalisation at midday on Tuesday following the fallout from its US$1bil suit against Walt Disney Co and Twenty-First Century Fox Inc over the cancellation of the first Fox-branded theme park At midday, ...
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F&N clarifies

12 Nov 2018 - The Star Online
FRASER & Neave Holdings Bhd (F&N) has clarifed that the board is recommending a final single-tier dividend of 30.5 sen per share for approval by shareholders at the forthcoming AGM and not interim dividend, as its press release earlier stated. If approved by shareholders, the total dividend for the year ...
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Higher gaming tax credit negative for Genting, says Moody's

8 Nov 2018 - The Star Online
KUALA LUMPUR: Moody's Investor's Service views the higher axes, fees and levies on the gaming industry as credit negative for the gaming industry. “The changes, in particular the increase in casino duties of up to 35%, is credit negative for Genting Bhd (Baa1 stable) because earnings contribution from ...
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TS Wong increases stake in Excel Force

5 Oct 2018 - The Star Online
PETALING JAYA: MyEG Services Bhd managing director Wong Thean Soon, better known as TS Wong (pic), is increasing his stake in financial software player Excel Force MSC Bhd (Eforce). The company, in a filing with Bursa Malaysia, said Wong had acquired 142,000 shares via the open market yesterday, bringing ...
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Axiata should take the offer, says PublicInvest

28 Sep 2018 - The Star Online
KUALA LUMPUR: PublicInvest Research believes the cash offer of S$2.06 a share for Axiata Group Bhd 's stake in M1 Ltd is fair. According to the research house, the offer is at a 6% premium over Axiata's book value for M1, which could translate to a gain of about RM95mil if it accepts the offer. "In our ...
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Malaysia's Axiata likely to reject Keppel-led US$1.4bil offer for Singapore mobile firm M1

28 Sep 2018 - The Star Online
SINGAPORE: Malaysia's Axiata Group Bhd , the biggest shareholder in M1 Ltd, is likely to reject an offer that valued the Singapore mobile operator at up to S$1.9 billion ($1.4 billion), a source with direct knowledge of the matter said. Axiata is in talks to team up with private equity firms and other ...
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Offer for M1 stake should reflect future value, says Axiata

27 Sep 2018 - The Star Online
KUALA LUMPUR: Axiata Group Bhd said it would review all options available in its response to speculation over whether it would accept a purchase offer for its 28.7% stake in M1 Ltd. The offer to acquire Axiata's stake in M1 by Keppel Corp Ltd and Singapore Press Holdings Ltd should reflect the acurate ...
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Axiata likely to reject offer from Keppel and SPH for M1

27 Sep 2018 - The Star Online
SINGAPORE: Malaysia’s Axiata Group Bhd , the largest shareholder in Singapore-listed M1 Ltd , is likely to reject an offer from Keppel Corp Ltd and Singapore Press Holdings Ltd (SPH) to acquire M1, a source with direct knowledge of the matter said on Thursday. Axiata views the S$2.06 ($1.51) per share ...
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Axiata shares rise on M1 takeover offer by SPH, Keppel

27 Sep 2018 - The Star Online
KUALA LUMPUR: Shares of Axiata Group Bhd continued to gain traction on news that it is open to considering any offer for its stake in Singapore wireless operator M1 Ltd. The telco rose 1.9%, or nine sen to RM4.84 in early trade Thursday with over 1.8 million shares done. Bloomberg reported that Singapore ...
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