NST Online Business Times : latest
NST Online Business Times : latest |
| KAF-Seagroatt up on Singapore bank interest Posted: 19 Dec 2011 05:34 PM PST KAF-Seagroatt & Campbell Bhd, a Malaysian stock brokerage, rose to the highest level in more than a month in Kuala Lumpur trading after the Edge Financial Daily reported that a Singapore bank is keen on buying its stockbroking business. The stock gained 3.8 percent to RM1.38 at 9:03 a.m. local time, set for its highest close since Nov. 9. -- Bloomberg |
| Emery delays RM480m sukuk to Q2 Posted: 19 Dec 2011 06:27 PM PST Malaysia's Emery Oleochemicals Group, a producer of plastic additives, delayed a plan to sell RM480 million (US$151 million) of Islamic bonds to the second quarter of next year because it has sufficient funds. The company has "strengthened its financial resources" and is pushing back the bond sale to a time when "additional funds are required for its various long-term growth projects," Emery said in an e-mail today. Chief Executive Officer Kongkrapan Intarajang said in June the company aimed to sell the notes, which pay returns on assets to comply with Islam's ban on interest, in the fourth quarter. Emery, which is based in Shah Alam near Kuala Lumpur, is a joint venture between PTT Chemical International Private Ltd, a unit of PTT Chemical Pcl, and Sime Darby Plantation Sdn Bhd, owned by Malaysia's Sime Darby Bhd. -- Bloomberg |
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