by Cynthia Blemin

PETALING JAYA: Water and wastewater solutions provider Salcon Bhd aims to get RM842.52 million in total revenue from two water assets in China it will acquire after signing a deal yeste

KUALA LUMPUR: As the country’s largest listed property development company by market capitalisation, the UOA group has projects with an estimated total gross development value (GDV) of over RM10 billion in the pipeline to be realised over the next 10 years.

Founded and listed in 1987 as United Overseas Australia Ltd (UOA Ltd), the group is primarily involved in property development, construction and property investment.

KUALA LUMPUR: Savvy investors should look beyond the silver lining and grab any opportunity that arises for equities, HSBC Global Asset Management global head of macro and investment strategy Phillip Poole said yesterday.

“If the Chinese markets sells off on the Greek elections results, that does not change fundamentals for Chinese corporates — it just makes it cheaper to buy them.”

DAMANSARA: CIMB Group Holdings Bhd, Malaysia’s second largest lender by assets, yesterday said it will buy a 60% stake in Philippine conglomerate San Miguel Corp‘s Bank of Commerce for RM881 million in cash.

CIMB chief executive officer Datuk Seri Nazir Razak said the Malaysian lender will pay in cash for the stake, which almost completes its aim to have a presence in every Southeast Asian country except for Laos.

KUALA LUMPUR: The country’s biomass industry is expected to attract two deals from China and US worth a total of RM3.9 billion, said Malaysia Biomass Industries Confederation (MBIC) president Datuk Leong Kin Mun.

SHAH ALAM: Silver Bird Group Bhd’s special committee chairman Richard George Azlan Abas yesterday assured the company is doing fine with its day-to-day operations and assets.

Despite the huge debt overhang of RM83.66 million as at Feb 29, Richard said the company can still be revived as negotiations are being conducted for debt restructuring.

Richard, who is also an independent non-executive director, said there is no need for a white knight or for external capital injection or even to tap funds from shareholders.

KUALA LUMPUR: After a slew of purchases over the past one year and already spending about half its of its RM600 million in targeted investments for this year, Eku

SUBANG JAYA: A new merged entity foresees major gains for the country and region, especially in greenfi eld e

KUALA LUMPUR: Due to the increasing role of digital media, the Malaysian Media Awards (MMA) has added social media as one of its two latest categories for the upcoming media industry awards this year.