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Sia: Semiconductor test equipment industry outlook uncertain

7 Jun 2019 - The Star Online
GEORGE TOWN: The outlook for the semiconductor test equipment industry for the second half of 2019 is plagued with uncertainties, stemming from the ongoing US-China trade war. MMS Ventures Bhd managing director T.K. Sia (pic) said many smart devices, automotive companies and semiconductor companies have ...
sgx:c6l klse:0113

Malaysia-Norway Pan-Asian telecoms giant in the making

7 May 2019 - The Star Online
KUALA LUMPUR: Two rivals – Axiata Group Bhd and Norway’s Telenor ASA – are proposing to combine their assets in Asia and South Asia to create a telecoms giant to weather tough market conditions with scale and synergy. This non-cash deal will see them creating a new company with over 300 million customers ...
sgx:5ew klse:6888

GuocoLand's profits fell 12% to $35.01m in Q3

26 Apr 2019 - Singapore Business Review
Lower sales of completed condo units continued to drag on earnings. GuocoLand’s profit continued to take a hit from low sales as it slipped 12% YoY to $35.01m in Q3 from $39.61m in 2018, extending the 84% downward spiral it experienced in Q2, an announcement revealed. On the other hand, its revenue jumped ...
klse:1503 sgx:f17

GuocoLand to spend US$1.8b on mixed-use Singapore project

22 Apr 2019 - The Star Online
SINGAPORE: Singapore developer GuocoLand Ltd. plans to spend S$2.4 billion ($1.8 billion) on a new mixed-use development on the fringe of the central business district. An office tower will be the largest component of the Guoco Midtown project with 770,000 square feet spread across 30 floors. The residential ...
klse:1503 sgx:f17

Maybank kills collaboration agreement with Tuaspring and Hyflux

22 Apr 2019 - Singapore Business Review
The bank will appoint receivers and managers over the assets of Tuaspring, save for its desalination plant and shared infrastructure. Maybank has ended a collaboration agreement with Tuaspring and Hyflux in the latest fallout from the embattled water and power company, an announcement revealed. Pursuant ...
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Resorts World units issue US$1bil debt notes

18 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd ’s units Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc have issued up to US$1bil of 4.625% senior notes due 2029. It said the notes were issued on Tuesday and listed on the Singapore Exchange Securities Trading Ltd yesterday. “Concurrent with the issuance of the notes, ...
sgx:g13 klse:3182 usx:lvs

Moody's: GentingM, GentingS capital spending can be met by existing cash flow

8 Apr 2019 - The Star Online
KUALA LUMPUR: Moody's Investors Service expects the increase in capital spending at Genting Bhd 's key subsidiaries -- Genting Malaysia and Genting Singapore, can be met by their existing cash and operating cash flows. Jacintha Poh, a Moody's vice president and senior credit officer said the dividend ...
sgx:g13 klse:4715 klse:3182

Genting Singapore shares slump on cash splash, hike in entry levies

4 Apr 2019 - The Star Online
SINGAPORE: Genting Singapore Ltd’s shares plunged to a three-month low on Thursday, after the casino operator unveiled a S$4.5 billion ($3.3 billion) expansion plan and the government said it would hike casino entry prices and taxes. Genting and Las Vegas Sands Corp have committed to spend about S$9 ...
sgx:g13 klse:3182

Genting, Genting Malaysia shares down in early trade

4 Apr 2019 - The Star Online
KUALA LUMPUR: Genting Bhd and Genting Malaysia Bhd shares fell in active trading on Thursday following their latest corporate news. Genting, the third losers on Bursa Malaysia shed 16 sen, or 2.3% to RM6.79 with 1.76 million shares traded. Genting Malaysia fell three sen, or 0.91% to RM3.25 with over ...
sgx:g13 klse:4715 klse:3182

Yinson white knight for Singapore’s Ezion, to take up its US$916m debts

1 Apr 2019 - The Star Online
KUALA LUMPUR: Yinson Holdings Bhd has appeared to be the white knight for Singapore’s troubled Ezion Holdings Limited by planning to take up US$916mil of existing loans. Trading in Yinson was suspended for one hour until 10am on Monday after it issued the statement to Bursa Malaysia.
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