02 December 2011
Proton: Daihatsu reiterates rejection of Proton-Perodua merger. Daihatsu Motor Co Ltd of Japan, a key shareholder of Perodua, is standing firm against the idea of a merger between Perodua and Proton. Daihatsu president Koichi Ina states that both companies have very different cultures and product lines and it's better to keep the individuality. (Source: The Edge Financial Daily)
SP Setia: 3rd shot at UK job for SP Setia Lenders plan to run open-market auction. The Telegraph reported Irish company Real Estate Opportunities (REO), which has a 54% stake in a vehicle that owns Battersea Power Station, as saying lenders Lloyds Banking Group and Ireland's National Asset Management Agency (NAMA) had applied to have administrators appointed to certain subsidiaries. Upon appointment, Lloyds and NAMA planned to run an open-market auction process to off-load the power station, giving SP Setia a chance to put in a bid. (Source: The Star)
Oil and Gas: Petronas mulls building third LNG terminal in Lumut. Petronas is considering building a third re-gasification plant or liquified natural gas (LNG) terminal in Lumut, Perak, to address the shortage of supply requirement in the power sector and industry users in Peninsular Malaysia. Petronas is also constructing an LNG terminal in Lahad Datu, Sabah, which will be connected to the power plant which is jointly built by the group and Tenaga Nasional Bhd. (Source: Business Times)
Healthcare: Khazanah hires banks for unit's RM4.7b IPO. Khazanah Nasional Bhd has hired Bank of America-Merrill Lynch, Deutsche and CIMB as joint global coordinators for the listing of its healthcare unit that could raise about USD1.5b (RM4.71b), three sources told Reuters. The deal could be the country's fourth-biggest IPO ever and its second major deal in 2012. (Source: The Sun)
(Information from MBB)
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