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Posted: 15 Sep 2011 11:00 PM PDT

SINGAPORE: The Singapore stock exchange has approved an application by English football giants Manchester United to sell their shares in the city-state, a source familiar with the deal said Friday.

But the club will gauge market sentiment before launching their initial public offering (IPO) because of the uncertainty sparked by the eurozone debt crisis.

"They have received approval but the timetable is not fixed," the source told AFP.

"The company is not in need of funds so they are not in a hurry to list.
Basically, they are keeping a watching brief on market conditions." For now, the target is for a listing at the Singapore Exchange later this year but the source described it as a "moving target". "Now that there is approval, they can roll out any time," added the source, who asked not to be named.

United are expected to offer both voting shares and non-voting preference shares, said the source.

Analysts said such a structure will allow the American owners of the club — the Glazer family — to effectively retain control. - AFP

IGP to meet AG on Police Act 1967 review

Posted: 15 Sep 2011 10:39 PM PDT

KUALA LUMPUR: The Inspector-General of Police, Tan Sri Ismail Omar, will meet Attorney-General Tan Sri Abdul Ghani Patail to give his views on the proposal to amend Section 27 of the Police Act 1967 on the freedom of assembly.

Speaking to reporters after attending the joint Malaysia and Merdeka Day celebration at Dataran Merdeka here, Ismail said his views would encompass aspects on how to balance public order, the public freedom to speech and to assemble.

"These matters are crucial for the public to ensure the peaceful situation is preserved," he said.

Yesterday, Prime Minister Datuk Seri Najib Tun Razak announced that the government would also review Section 27 of the Police Act 1967 by taking into account provisions in Article 10 of the Federal Constitution on freedom of assembly, but with a principle which strongly opposed street demonstration.

The prime minister said the approval to assemble would be given in accordance with methods to be outlined later which would take into consideration international norms. -- BERNAMA

Kredit: www.nst.com.my

Khamis, 15 September 2011

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