Hong Leong Asia makes takeover offer for Tasek Corp
Hong Leong Asia, which currently holds an 88.16 per cent stake in Malaysia’s Tasek Corp through two subsidiaries, has reportedly launched an unconditional voluntary takeover off...
Malaysia
251 posts · Page 10 of 26
Tasek Corp reports 1Q20 results
Malaysia’s Tasek Corp has posted a net profit of MYR4.19m (US$971,589) in the first quarter of 2020, compared with a net loss of MYR10.42m in the year-ago period. However, reven...
Malaysia's cement association praises decision to reopen plants
Malaysia's Cement and Concrete Association (C&CA) has stated that opening cement factories under Phase 3 of the country’s Movement Control Order (MCO) will have a positive effec...
Cahya Mata Sarawak 4Q net profit down 90%
Malaysia’s Cahya Mata Sarawak Bhd’s (CMS) net profit declined 90 per cent to MYR5.4m (US$1.28m) in the fourth quarter ended 31 December 2019, compared to MYR53.5m in the 4Q18. P...
Malayan Cement announces 4Q19 net loss of US$9.1m
Malayan Cement Bhd remained in the red in 4Q19, making a net loss of MYR38.55m (US$9.1m). The group has changed its financial year end to 30 June 2020 from 31 December 2019 afte...
Malaysia's construction sector to grow by 4% in 2020
Malaysia's construction sector will expand by 3.5 per cent, in real terms, in 2020, according to a report by Fitch Solutions. Nominal growth of the country’s construction sector...
Cement price hike claims investigated in Malaysia
Following claims of price hikes, Malaysia’s Domestic Trade and Consumer Affairs Ministry has investigated cement prices and found no price hikes at the manufacturing level. Its ...
Malayan Cement shareholders approve RPTs with YTL Cement
Malayan Cement, formerly Lafarge Malaysia, has obtained minority shareholder approval for MYR1.87bn (US$460m) worth of related-party transactions (RPTs) with its new controlling...
CMSB 3Q profit drops 7%
Cahya Mata Sarawak Bhd (CMSB)’s net profit declined seven per cent to MYR72.83m (US$17.451m) in the 3Q19, ended 30 September 2019 from MYR78.02m in the 3Q18. The company’s reven...
Malayan Cement Bhd on course for profits in 2020
Malayan Cement Bhd is likely to turn a profit from 2020 onwards by reducing operating costs and implementing a cost rationalisation initiative which began in 1H19, according to ...